18 Ocean Avenue
About This Property
wonderful ocean-facing patio where you can sip coffee and cocktails, entertain, and dine
alfresco with family and friends. A spacious living area with vaulted wood ceilings and
exposed beams opens out to the front patio from oversized glass sliding doors that, along
with large windows, lets the light shine in! An open eat-in kitchen with breakfast bar and
roomy dining area sit nearby for whipping up meals and serving guests in comf Warm touches like wood paneling and wood ceiling beams continue throughout the inviting interior
enriching the ambience. Bedrooms are generously sized with lots of closets, plus there's a convenient home office for working remotely. Other highlights of this special waterfront gem
include ceiling fans, wood cabinetry, central air conditioning, forced air heat, a lovely rear deck and outdoor patio, an outdoor shower and parking. Now's your chance to live by the
sand and sea in your own vacation residence, or take advantage of a great investment opportunity to rent! Schedule a viewing today!
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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 |
|---|---|---|---|
| Feb 11, 2021 | Sold | ||
| Sold | |||
| Oct 10, 2020 | Listed by Arthur Rue Agency | $725,000 | |
| Listed by Arthur Rue Agency | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017