206 24th Avenue
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%.
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 |
|---|---|---|---|
| Nov 4, 2026 | Listed by Arthur Rue Agency | $1,600,000 | |
| Listed by Arthur Rue Agency | |||
| Oct 24, 2025 | Listed by Arthur Rue Agency | $5,735,000 | |
| Listed by Arthur Rue Agency | |||
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A rare opportunity is yours to own a fabulous brand-new construction luxury home in South Seaside Park with an adjacent guest cottage, overlooking Island Beach State Park! At your oasis, you'll enjoy spectacular views of 3,000 acres of pristine natural coastline as your daily pleasure. As you enter thru the circa 1840 mahogany gates into the courtyard walking on the beautiful custom porcelain pavers, you can sit down and relax while the 1st course of food is being made on the grill and pizza oven at the bar...If you're ready for the weekend happy hour just continue thru the yard to the fire pit area, sit and enjoy a movie on the screen with the hi-def projector. Of course the main bar is open to serve that much needed cocktail after a long work week This exceptional compound comprised of 2 separately deeded lots sits on ample 100'x100' property with a privacy hedge and offers private access to 24th Ave beach. Upscale amenities were thoughtfully incorporated to optimize your Jersey Shore experience, including 2 fire pits, porcelain paver stone patios for lounging and entertaining, a custom outdoor kitchen, bar and sunken sitting area with a 65'flat screen and a fireplace, a large projection screen, and 2 outdoor showers. Heightening the allure of this very special offering are premier materials and features such as a Grand Manor lifetime roof, all copper flashing, Cambridge paver drive, custom stained porch ceilings, custom garage doors with Lift Master WiFi openers, a 5-zone irrigation system, 62 low voltage lighting with auto timer, and beautiful red oak flooring throughout both homes. The stunning 6 bedroom (possible 7)4 bath home main house exudes fine design. Generous level 1 with epoxy flooring and a 3 car garage hosts a game area, equipped workout room, a sauna, and Anderson patio doors to the tranquil backyard. A wood clad elevator transports you to all 4 stories. On level 2 is a high-end chef's kitchen with Thor SS appliances and marble counters, a rear living room with porch, 3 bedrooms, 2 full baths and peaceful decks for savoring the views. Level 3 has private decks along with a front porch facing Island Beach State Park, and entertainment room with wet bar & surround sound, and 3 sizable bedrooms (2 with en-suite baths). The 4th floor observatory with an 800 sq.ft porch, upper deck area, wine cooler, humidor for cigars and gaming machine is a dream spot for the host, plus has room for another bedroom.
The guest cottage is an absolute charmer with open living and dining areas, new kitchen, a stone cultured fireplace, soaring ceilings, rich woodwork and built-ins, loft for 2 beds, roof sundeck, and a detached 2 car garage with an upper home office and separate entrance. Other highlights of this treasure are 2 on-demand hot water heaters, 200 amp electric, a 100 amp subpanel, new HVAC and a whole-house generator. CUSTOM BUILT BY ENDRESON CONSTRUCTION CO, LLC.
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| Apr 22, 2025 | Price Increased |
$5,735,000
↑ $4M
(247.8%) | |
| Price Increased | |||
| Apr 19, 2025 | Listed | $1,649,000 | |
| Listed | |||
| | |||
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Welcome to your dream home, where coastal charm meets modern comfort! This beautifully updated two-bedroom, one-bath residence boasts stunning new cedar shake siding that enhances its curb appeal. Step outside to discover a brand new outdoor shower, perfect for rinsing off after sandy beach days, and relax on your new paver patio, ideal for entertaining or enjoying quiet evenings under the stars.
Inside, you'll be greeted by a warm and inviting living space featuring a cozy fireplace, perfect for creating memorable gatherings with friends and family. The modern kitchen is equipped with all the essentials, making meal prep a delight. The newly renovated bathroom offers a fresh and stylish retreat.
Venture upstairs to find a versatile loft area that can serve as an office, playroom, o
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| Jul 23, 2024 | Listed | $6,310,000 | |
| Listed | |||
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A rare opportunity is yours to own a fabulous brand-new construction luxury home in South Seaside Park with an adjacent guest cottage, overlooking Island Beach State Park! At your oasis, you'll enjoy spectacular views of 3,000 acres of pristine natural coastline as your daily pleasure. As you enter thru the circa 1840 mahogany gates into the courtyard walking on the beautiful custom porcelain pavers, you can sit down and relax while the 1st course of food is being made on the grill and pizza oven at the bar...If you're ready for the weekend happy hour just continue thru the yard to the fire pit area, sit and enjoy a movie on the screen with the hi-def projector. Of course the main bar is open to serve that much needed cocktail after a long work week This exceptional compound comprised of 2 separately deeded lots sits on ample 100'x100' property with a privacy hedge and offers private access to 24th Ave beach. Upscale amenities were thoughtfully incorporated to optimize your Jersey Shore experience, including 2 fire pits, porcelain paver stone patios for lounging and entertaining, a custom outdoor kitchen, bar and sunken sitting area with a 65'flat screen and a fireplace, a large projection screen, and 2 outdoor showers. Heightening the allure of this very special offering are premier materials and features such as a Grand Manor lifetime roof, all copper flashing, Cambridge paver drive, custom stained porch ceilings, custom garage doors with Lift Master WiFi openers, a 5-zone irrigation system, 62 low voltage lighting with auto timer, and beautiful red oak flooring throughout both homes. The stunning 6 bedroom (possible 7)4 bath home main house exudes fine design. Generous level 1 with epoxy flooring and a 3 car garage hosts a game area, equipped workout room, a sauna, and Anderson patio doors to the tranquil backyard. A wood clad elevator transports you to all 4 stories. On level 2 is a high-end chef's kitchen with Thor SS appliances and marble counters, a rear living room with porch, 3 bedrooms, 2 full baths and peaceful decks for savoring the views. Level 3 has private decks along with a front porch facing Island Beach State Park, and entertainment room with wet bar & surround sound, and 3 sizable bedrooms (2 with en-suite baths). The 4th floor observatory with an 800 sq.ft porch, upper deck area, wine cooler, humidor for cigars and gaming machine is a dream spot for the host, plus has room for another bedroom.
The guest cottage is an absolute charmer with open living and dining areas, new kitchen, a stone cultured fireplace, soaring ceilings, rich woodwork and built-ins, loft for 2 beds, roof sundeck, and a detached 2 car garage with an upper home office and separate entrance. Other highlights of this treasure are 2 on-demand hot water heaters, 200 amp electric, a 100 amp subpanel, new HVAC and a whole-house generator. CUSTOM BUILT BY ENDRESON CONSTRUCTION CO, LLC.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017