1425 Ocean Shore Boulevard #701
About This Property
The manager has listed the unit size as 2515 square feet.
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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 |
|---|---|---|---|
| Mar 17, 2022 | No longer available | - | |
| No longer available | |||
| Mar 13, 2022 | Price Decreased |
$615,000
↓ $35K
(5.4%) | |
| Price Decreased | |||
| Feb 26, 2022 | Listed | $650,000 | |
| Listed | |||
| Aug 23, 2019 | No longer available | - | |
| No longer available | |||
| Aug 12, 2019 | Listed | $479,991 | |
| Listed | |||
| | |||
|
Luxury on the beach! Only 34 units in this exclusive building. Beautiful, views of both the beach and the river. Unit has granite counter tops, maple cabinets, crown molding in main living area and master bedroom and Armstrong waterproof flooring throughout. Plenty of storage space including 2 walk-in closets. Second bedroom has its own bathroom. HVAC and hot water heater have been recently replaced. Pets allowed, no weight limit. Amenities include, pool, spa, club room, fitness center underground secured parking with storage unit and additional guest spaces. The manager has listed the unit size as 2515 square feet.
| |||
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
RE/MAX DOWNTOWN
| |
|
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
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$9,999 /mo
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- 4 Baths
- 2,322 ft²
$2,975 /mo
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- 2 Baths
- 1,020 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017