1435 Marine 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 |
|---|---|---|---|
| Sep 29, 2020 | Sold | ||
| Sold | |||
| Aug 9, 2020 | Listed by Coldwell Banker Realty | $2,995,000 | |
| Listed by Coldwell Banker Realty | |||
| Nov 20, 2018 | Sold | ||
| Sold | |||
| Apr 30, 2018 | Listed by Coldwell Banker Realty | $2,600,000 | |
| Listed by Coldwell Banker Realty | |||
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Fabulous ocean frontage on a quiet and exclusive street in desirable Mandalay Shores beach community. This classic A-frame three bedroom, two bathroom home has ocean views from the living room, kitchen, dining room and upstairs loft. Oceanfront decks are accessible from the living room and loft. This property features a lot with more than 10,000 square feet, which is larger than typical at the beach. This provides 40 feet in width for maximum ocean frontage, a three-car garage, along with a private and spacious courtyard in between the garage and home. This is one of the few remaining original beach homes in Mandalay Shores. Rich with character, it has a strong vacation rental history and has been a visitor favorite for decades. This will provide a new owner with various possibilities - to upgrade the existing home, or to continue the vacation rental aspect while planning a future build in its place.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017