41
Map
2 Ocean Avenue
About This Property
Listed By
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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%.
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 |
|---|---|---|---|
| Oct 13, 2026 | Listed by Compass | $2,295,000 | |
| Listed by Compass | |||
| Sep 23, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 27, 2026 | Price Decreased |
$2,495,000
↓ $200K
(7.4%) | |
| Price Decreased | |||
| Jan 15, 2026 | Listed by Compass | $2,695,000 | |
| Listed by Compass | |||
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This truly beautiful, restored, yet timeless seaside Mediterranean Estate is bound to captivate and transport you back to the elegance and grandeur of The Gatsby Era. Originally commissioned by a publishing magnate and designed by an award winning architect, this restored home w/ central A/C sits on a lush, private half acre+ lot with mature landscaping and new circular drive. Fresh cream colored stucco, newer terra cotta clay tile roof, expansive new blue stone patio and terrace evoke a year round grand summer feel. Inside, 9'+ ceilings, period Mahogany millwork, and coffered ceilings continue to impress. The private hedge lined yard is a true sanctuary, yet you are just 1/2 mile to the ocean,1928 Beach Club, popular beaches, and the conveniences of Vinnin Square, including Whole Foods. This timeless treasure with a recent refresh offers a seamless blend of coastal tranquility and urban connectivity. A rare legacy property for the most discerning of buyers!
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| Jan 30, 2025 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017