12
Map
202 Ocean Avenue #8
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.
You can learn more about cap rate here .
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 29, 2024 | No longer available | - | |
| No longer available | |||
| Jun 14, 2024 | In contract | - | |
| In contract | |||
| May 16, 2024 | Listed by LONG & FOSTER REAL ESTATE, INC cm | $680,000 | |
| Listed by LONG & FOSTER REAL ESTATE, INC cm | |||
| Jan 19, 1995 | Sold to Karen Seeman, William Seeman | ||
| Sold to Karen Seeman, William Seeman | |||
Property Highlights
202 Ocean Avenue #8, Cape May Point, NJ, 08212
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Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
06/07/2023
| |
1 Bed
|
1 Bath
|
-
|
$605,000
1 Bed
1 Bath
|
-
-
|
-
|
Barry Bruno
LONG & FOSTER REAL ESTATE, INC cm
|
|
06/07/2023
|
1 Bed
|
1 Bath
|
-
|
$605,000
1 Bed
1 Bath
|
-
-
|
-
|
Barry Bruno
LONG & FOSTER REAL ESTATE, INC cm
| |
|
08/10/2020
| |
1 Bed
|
1 Bath
|
-
|
$320,000
1 Bed
1 Bath
|
-
-
|
-
|
-
|
|
08/10/2020
|
1 Bed
|
1 Bath
|
-
|
$320,000
1 Bed
1 Bath
|
-
-
|
-
|
-
| |
|
07/01/2019
|
1 Bed
|
1 Bath
|
-
|
$320,000
1 Bed
1 Bath
|
-
-
|
-
|
-
| |
|
01/10/2018
| |
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
-
-
|
-
|
-
|
|
01/10/2018
|
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
-
-
|
-
|
-
| |
|
07/15/2017
|
1 Bed
|
1 Bath
|
-
|
$349,000
1 Bed
1 Bath
|
-
-
|
-
|
Gail Wilsey-Morrison, CRS, ABR, SRES
LONG & FOSTER REAL ESTATE, INC cm
| |
|
08/15/2015
|
1 Bed
|
1 Bath
|
-
|
$329,000
1 Bed
1 Bath
|
-
-
|
-
|
-
| |
|
08/15/2015
| |
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
-
-
|
-
|
-
|
Building Info
- 2 Units for Sale
About Cape May Point
Similar Homes for Sale
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LONG & FOSTER REAL ESTATE, INC cm
Last Updated: 7 months ago
Data Source: CMCMLS , MLS# 241421
