35
Map
212 1st Avenue
About This Property
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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.
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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 |
|---|---|---|---|
| Sep 29, 2025 | Sold | ||
| Sold | |||
| Sep 15, 2025 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Listed by One Sotheby's International | $1,249,000 | |
| Listed by One Sotheby's International | |||
| | |||
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The main home is 4/3 plus an office. This home blends the charm of its 1950 origins with the quality and style of a brand-new build. A major addition was just completed in 2024, expanding the home's living space well beyond what is shown in public records. Along with the expansion, the entire property has been fully rewired for electricity and updated with modern plumbing.
The former garage has been converted into a private studio apartment with its own full bathroom, kitchenette, washer/dryer, and a dedicated split A/C system — ideal for multigenerational living, giving teenagers their own space, or providing accommodations for a live-in nanny. The current garage is also climate-controlled with a split A/C, adding to the home's flexibility.
The backyard is an entertainer's dream, featuring low-maintenance turf, a lap pool, and a fire pit for gatherings. Every detail of this home has been thoughtfully planned to provide a perfect balance of modern upgrades.
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| Aug 6, 2020 | Sold | ||
| Sold | |||
| Mar 7, 2020 | Listed by BHHS Florida Realty | $417,500 | |
| Listed by BHHS Florida Realty | |||
Property Highlights
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Price/ft²
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About Indialantic by The Sea
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017