15 & 17 Ocean Ave
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 6, 2013 | Sold | ||
| Sold | |||
| Mar 8, 2013 | Listed by Accurety, LLC | $295,000 | |
| Listed by Accurety, LLC | |||
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Estate lot with 1.23 Acres in prime Magnolia location. Consisting of 3 adjoining parcels 15 Ocean Ave, 17 Ocean Ave, & 6 Lake Rd. Walk to village & Gray's Beach. Build large single family, Possiblity of 2-3 units, perc for 7 bedrooms. City Assessors map lots 12,13,&24
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017