16 E Ocean Avenue
About This Property
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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 |
|---|---|---|---|
| Dec 21, 2021 | Sold | ||
| Sold | |||
| Jul 15, 2021 | Listed by The Corcoran Group | $3,450,000 | |
| Listed by The Corcoran Group | |||
| | |||
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Only 4 houses from the beach, you will revel in this unique 4 bedroom / 5.3 bathroom home. From the moment you enter through the arched mahogany doors, you will be stunned by the spacious volume (12' ceilings) and cappuccino marble floors. There is a bounty of amenities: W top of the line appliances in open kitchen, a gas fireplace, a stone tiled wine cellar, a brand new 48kW generator, and spacious covered front and back patios. Other features include: a magnificent saltwater aquarium with some of the most rare fish, a home theater with a 4K Sony projector and Black Diamond Screen, custom leather reclining theater chairs, gold medal popcorn and slushy machine, arcade, pinball, and slot machines. This home is full of impressive smart systems that will make you never want to leave! A unique and very special property with easy access to shopping, restaurants and much more!
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| Dec 11, 2014 | Sold | ||
| Sold | |||
| Oct 11, 2014 | Listed by Delray Beach Real Estate Compa | $1,950,000 | |
| Listed by Delray Beach Real Estate Compa | |||
Property Highlights
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Price/ft²
Listed On
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About Boynton Beach Park
Similar Homes for Sale
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$10,000 /mo
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$7,300 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017