131 Atlantic Rd
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Jun 12, 2024 | Listed by Engel & Volkers By the Sea | $5,250,000 | |
| Listed by Engel & Volkers By the Sea | |||
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A magical ocean front retreat designed by Epstein Joslin Architects (Shalin Liu performance center) commands a prominent perch on sought after Atlantic Road. Sweeping ocean views combined with grandeur and warmth will take your breath away. The first floor, with its open floor plan, combines a grand living room with fireplace and wet bar, dining area, fabulous breakfast nook and chef's kitchen. The second floor is host to two spacious bedroom suites with expansive ocean views. Most notable is the Primary Suite with two large dressing room closets, fireplace, 2-person rain shower and Jack and Jill sitting room. The third-floor office/bedroom is simply awe inspiring, with panoramic ocean and golf course views in every direction. Office/guest house above garage is private and luxurious with golf course views. Enchanting outdoor areas from the patio overlooking the ocean, custom gazebo surrounded by gardens to the spacious lawn. Bonus feature: Wide entry elevator access from every floor.
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| Jul 8, 2013 | Sold | ||
| Sold | |||
| Apr 8, 2013 | Listed by Engel & Volkers By the Sea | $1,125,000 | |
| Listed by Engel & Volkers By the Sea | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017