14 Fordham Way
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 |
|---|---|---|---|
| Nov 2, 2025 | No longer available | - | |
| No longer available | |||
| Oct 18, 2024 | Listed by Gibson Sotheby's International Realty | $2,750,000 | |
| Listed by Gibson Sotheby's International Realty | |||
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Wake up to the sound of waves and sunlight dancing across the water. This is beachfront living, redefined. Nestled beside the iconic Blue Inn Hotel, this 2,559 sq. ft. Plum Island retreat offers uninterrupted ocean views from every deck, including from the home’s highest point, where the Atlantic feels close enough to touch. Designed for elevated coastal living and smart investment, its flexible layout supports 2–3 cash-flowing vacation units. Inside, open spaces flow onto wraparound decks, while amenities like a steam shower, dual fireplaces, and a second-floor kitchenette deliver comfort with character. Dunes on either side create rare natural privacy, while five parking spots (including a garage with a Tesla charger) offer convenience few coastal homes can match. Explore the vibrant charm of Plum Island or take a quick six-minute drive to Newburyport. Seeking passive income, a personal escape, or both? Up to you. It's luxury you can live in or live off.
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| Feb 6, 2017 | Sold | ||
| Sold | |||
| Dec 20, 2016 | Listed by RE/MAX On The River, Inc. | $1,100,000 | |
| Listed by RE/MAX On The River, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017