16 VESSEL RD #4
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 |
|---|---|---|---|
| Aug 28, 2026 | Sold | ||
| Sold | |||
| Aug 5, 2026 | In contract | - | |
| In contract | |||
| Jul 27, 2026 | Price Decreased |
$609,000
↓ $20K
(3.2%) | |
| Price Decreased | |||
| Jun 26, 2026 | Listed by Better Homes and Gardens Real Estate Murphy & Co. | $629,000 | |
| Listed by Better Homes and Gardens Real Estate Murphy & Co. | |||
| |||
|
Welcome to Captain's View Condo, a rare 5-unit Bayfront community tucked away along the beautiful Barnegat Bay. This meticulously updated 2-bedroom, 1.5-bath condominium offers breathtaking panoramic views of Barnegat Bay and the iconic Barnegat Lighthouse ("Old Barney") from every level.
The open-concept first floor living area is designed to maximize the stunning waterfront setting, featuring a full wall of sliding glass doors that fill the space with natural light and capture spectacular bay views. Upstairs, the spacious primary bedroom also boasts full-wall sliders, creating the perfect vantage point to enjoy unforgettable sunrises over the water.
Outdoor living is equally impressive with both upper and lower decks, a lower-level sunshade, and tinted windows for added comfort and privacy. A detached garage and on-site parking provide convenience and ample storage for all your beach and boating essentials.
This impressive condo has had a total interior renovation, capping off with a new roof, siding, porch and exterior lighting in 2025.
Bring your water toys and embrace the Shore lifestyle! Whether you're seeking a year-round residence, vacation getaway, or investment opportunity, this exceptional Bayfront property offers the perfect combination of comfort, views, and coastal living.
| |||
| Jun 4, 2018 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/22/2026
|
2 Bed
|
1 Bath
|
1332 ft²
|
$629,000
2 Bed
1 Bath
1332 ft²
|
-
-
|
Linette Commisso
Better Homes and Gardens Real Estate Murphy & Co.
| |
|
07/18/2024
|
2 Bed
|
2 Bath
|
1332 ft²
|
$499,900
2 Bed
2 Bath
1332 ft²
|
$485,000
-2.98%
09/26/2024
|
Vivian Lange
RE/MAX at Barnegat Bay
| |
|
06/29/2019
|
2 Bed
|
2 Bath
|
1332 ft²
|
$324,900
2 Bed
2 Bath
1332 ft²
|
$313,250
-3.59%
09/24/2019
|
Patricia Eppolito
Diane Turton, Realtors-Lacey
| |
|
05/08/2018
|
2 Bed
|
1 Bath
|
1332 ft²
|
$315,000
2 Bed
1 Bath
1332 ft²
|
$315,000
06/28/2018
|
Noreen Callahan
Berkshire Hathaway HomeServices Zack Shore REALTORS
| |
|
03/23/2018
|
2 Bed
|
2 Bath
|
1332 ft²
|
$284,300
2 Bed
2 Bath
1332 ft²
|
$279,000
-1.86%
06/04/2018
|
Rosemary Urso
RE/MAX New Beginnings Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017