1712 Ocean Shore BOULEVARD #2
About This Property
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Cap Rate Calculator
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 11, 2024 | Sold | ||
| Sold | |||
| Aug 28, 2024 | In contract | - | |
| In contract | |||
| Aug 28, 2024 | Price Decreased |
$494,000
↓ $13K
(2.6%) | |
| Price Decreased | |||
| Aug 1, 2024 | Price Decreased |
$507,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Jul 11, 2024 | Listed by REDFIN CORPORATION | $517,000 | |
| Listed by REDFIN CORPORATION | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/11/2024
|
3 Bed
|
4 Bath
|
1600 ft²
|
$517,000
3 Bed
4 Bath
1600 ft²
|
$480,000
-7.16%
09/11/2024
|
Tammy Shaver
The Barnett Group Inc.
| |
|
02/03/2023
|
3 Bed
|
3.5 Bath
|
1460 ft²
|
$469,900
3 Bed
3.5 Bath
1460 ft²
|
-
-
|
Bart Beninati
Beninati Realty Group
| |
|
01/07/2022
|
3 Bed
|
4 Bath
|
1600 ft²
|
$449,000
3 Bed
4 Bath
1600 ft²
|
-
-
|
Elizabeth Horner
Adams, Cameron & Co., Realtors
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017