1425 OCEAN SHORE BOULEVARD #402
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%.
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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 |
|---|---|---|---|
| Sep 4, 2025 | Sold | ||
| Sold | |||
| Aug 3, 2025 | In contract | - | |
| In contract | |||
| Jul 29, 2025 | Price Decreased |
$775,000
↓ $50K
(6.1%) | |
| Price Decreased | |||
| Jun 26, 2025 | Price Increased |
$825,000
↑ $25K
(3.1%) | |
| Price Increased | |||
| May 19, 2025 | Price Decreased |
$799,995
↓ $30K
(3.6%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/10/2025
|
3 Bed
|
3 Bath
|
2390 ft²
|
$875,000
3 Bed
3 Bath
2390 ft²
|
$790,000
-9.71%
12/17/2025
|
TJ Jarosik
Watson Realty Corp
| |
|
03/09/2025
|
3 Bed
|
3 Bath
|
2515 ft²
|
$894,997
3 Bed
3 Bath
2515 ft²
|
$750,000
-16.20%
09/04/2025
|
Ralph Harvey
ListWithFreedom.com
| |
|
02/23/2024
|
3 Bed
|
3 Bath
|
2515 ft²
|
$590,000
3 Bed
3 Bath
2515 ft²
|
$577,000
-2.20%
03/22/2024
|
Michelle Baron
THE REAL ESTATE COLLECTION LLC
| |
|
12/06/2023
|
3 Bed
|
3 Bath
|
2515 ft²
|
$912,000
3 Bed
3 Bath
2515 ft²
|
$850,000
-6.80%
04/30/2024
|
WILLIAM (OLI SHIELDS
BLUE PELICAN REALTY
| |
|
01/17/2023
|
3 Bed
|
3 Bath
|
2515 ft²
|
$643,000
3 Bed
3 Bath
2515 ft²
|
-
-
|
Shea Drury
Ted Rugg & Associates LLC
| |
|
02/26/2022
|
3 Bed
|
3 Bath
|
2515 ft²
|
$650,000
3 Bed
3 Bath
2515 ft²
|
-
-
|
Don Bell
RE/MAX Signature
| |
|
06/25/2021
|
3 Bed
|
3 Bath
|
2515 ft²
|
$875,000
3 Bed
3 Bath
2515 ft²
|
$832,500
-4.86%
08/24/2021
|
Don Bell
RE/MAX Signature
| |
|
05/08/2021
|
3 Bed
|
3 Bath
|
2515 ft²
|
$639,000
3 Bed
3 Bath
2515 ft²
|
$575,000
-10.02%
09/13/2021
|
Joseph Carini
| |
|
04/01/2021
|
3 Bed
|
3 Bath
|
2515 ft²
|
$835,000
3 Bed
3 Bath
2515 ft²
|
$810,000
-2.99%
06/07/2021
|
Ryan Adams
Rossman Realty Group Inc
| |
|
03/25/2021
|
3 Bed
|
3 Bath
|
2515 ft²
|
$475,000
3 Bed
3 Bath
2515 ft²
|
$405,000
-14.74%
05/10/2021
|
Yana Marchenko
| |
|
02/06/2021
|
3 Bed
|
3 Bath
|
2515 ft²
|
$484,500
3 Bed
3 Bath
2515 ft²
|
$484,500
06/04/2021
|
Debbie Weller
| |
|
09/26/2020
|
3 Bed
|
3 Bath
|
2515 ft²
|
$469,500
3 Bed
3 Bath
2515 ft²
|
-
-
|
-
| |
|
05/27/2020
|
3 Bed
|
3 Bath
|
2515 ft²
|
$489,500
3 Bed
3 Bath
2515 ft²
|
-
-
|
-
| |
|
08/12/2019
|
3 Bed
|
3 Bath
|
2515 ft²
|
$479,991
3 Bed
3 Bath
2515 ft²
|
-
-
|
-
| |
|
06/18/2019
|
3 Bed
|
3 Bath
|
2515 ft²
|
$524,900
3 Bed
3 Bath
2515 ft²
|
-
-
|
-
| |
|
04/21/2019
|
3 Bed
|
3 Bath
|
2390 ft²
|
$589,900
3 Bed
3 Bath
2390 ft²
|
-
-
|
-
| |
|
12/07/2018
|
3 Bed
|
3 Bath
|
2515 ft²
|
$569,900
3 Bed
3 Bath
2515 ft²
|
-
-
|
-
| |
|
06/11/2018
| |
3 Bed
|
3 Bath
|
2515 ft²
|
-
3 Bed
3 Bath
2515 ft²
|
-
-
|
-
|
|
07/29/2017
| |
3 Bed
|
3 Bath
|
2515 ft²
|
-
3 Bed
3 Bath
2515 ft²
|
-
-
|
-
|
Building Info
- 1 Unit for Sale
About Ormond-by-the-Sea
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$9,999 /mo
- 4 Beds
- 4 Baths
- 2,322 ft²
$2,975 /mo
- 2 Beds
- 2 Baths
- 1,020 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017