33XX OCEAN SHORE Boulevard
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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 |
|---|---|---|---|
| Apr 25, 2022 | Sold | ||
| Sold | |||
| Aug 27, 2021 | Listed by PALM WAVE REALTY | $1,299,000 | |
| Listed by PALM WAVE REALTY | |||
| Sep 4, 2020 | Sold | ||
| Sold | |||
| Jun 6, 2020 | Listed by PALM WAVE REALTY | $309,900 | |
| Listed by PALM WAVE REALTY | |||
| Jul 29, 2017 | Listed | $239,000 | |
| Listed | |||
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This a 2 story condo with gorgeous ocean front views. Utilizing the 2nd and 3rd floors. Furnished Unit. All you need to do is bring your clothes and enjoy the sunrise, playing in the sand, and soaking up the sun! AC Unit installed in June 2015. The Condominium offers a vacation rental program with an on site manager. No drive beach with several great restaurants close by as well as shopping. $500 quarterly fee for a rebuilding of the reserve account. The manager has listed the unit size as 1095 square feet.
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About Ormond by The Sea Club Condominiums
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$9,999 /mo
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$2,800 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017