237 Atlantic 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 |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Jul 4, 2025 | In contract | - | |
| In contract | |||
| Jun 12, 2025 | Listed | $1,395,000 | |
| Listed | |||
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This stunning raised ranch offers luxurious living in a prime coastal location on an expansive 11,804 sq ft lot. As you step inside, you'll be greeted by the open and airy layout that seamlessly blends comfort and style. The spacious formal dining room, perfect for entertaining, features elegant built-ins and a wood burning fireplace. The home includes 3 generous bedrooms, 3.5 bathrooms, and a home office offering plenty of space for relaxation and privacy. The interior showcases a mix of rich hardwood floors, sleek tile floors, plush carpet, and sophisticated marble accents, creating a warm and inviting atmosphere. The kitchen is designed for the modern chef, with ample counter space and cabinetry, perfect for culinary adventures. Enjoy all-season comfort with AC, forced hot air, and radiant heat. Enjoy exceptional outdoor amenities, including a patio and a meticulously lush landscaped yard, where you can take in the fresh ocean breeze. Experience the best of beachfront living!
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| Mar 30, 2016 | Sold | ||
| Sold | |||
| Feb 3, 2016 | Listed by Sagan Agency REALTORS® | $674,900 | |
| Listed by Sagan Agency REALTORS® | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017