189 Mantoloking Road
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 25, 2025 | Sold | ||
| Sold | |||
| Aug 1, 2025 | In contract | - | |
| In contract | |||
| Jul 25, 2025 | Listed by RE/MAX Revolution | $499,000 | |
| Listed by RE/MAX Revolution | |||
| Jan 13, 2020 | No longer available | - | |
| No longer available | |||
| Oct 17, 2019 | Listed | $395,000 | |
| Listed | |||
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Incredible opportunity awaits your imagination! This property was used as a small seasonal motel for many years. The family who owned and operated it lived in the lovely home. It is zoned B-2 ''Village Zone'' on 1.38 acres backing to Ocean County Utilites Authority property. The possibilties are just about endless! Live in the wonderful home. Gorgeous hardwood floors, 5'' wood molding, crystal door knobs, full basement, 2 nice bedrroms and a full attic! 4 small units and an office are to the rear of the house and can be used again as a motel but will require a variance as it has not been operated as such for many years. Build a couple of businesses, with apartments on top. Build and open a ''Boutique'' Hotel or a beer distillery! Walk to gorgeous Traders Cove Park and the Majestic River!
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Property Highlights
Building Info
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Status
Price/ft²
Listed On
Sold On
About Ocean
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017