240 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%.
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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.
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 |
|---|---|---|---|
| Jul 25, 2025 | Sold | ||
| Sold | |||
| Apr 1, 2025 | In contract | - | |
| In contract | |||
| Dec 12, 2024 | Price Decreased |
$8,495,000
↓ $455K
(5.1%) | |
| Price Decreased | |||
| Aug 23, 2024 | Listed by Douglas Elliman | $8,950,000 | |
| Listed by Douglas Elliman | |||
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Turnkey triple mint home moments to The Royal and situated between the Ocean and the Lake Trail. This meticulous, 4-bedroom 4-bathroom home features top of the line appliances, including a Wolf 8-burner gas range, Sub-Zero fridge, freezer, and wine fridge, Bosch dishwasher, and Wolf microwave. Each bedroom has an en-suite bathroom with Waterworks fixtures and marble finishes.
Additional features include a gas fireplace, three A/C zones for personalized climate control, a Tesla charger, tankless water heater, and built-in Sonos sound system. Outside, the backyard features a gas-heated lap pool and lush tropical landscaping creating the ultimate serene retreat.
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| Jun 22, 2017 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Orange Grove Park
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Currently no similar homes aroundNearby Rentals
$5,950 /mo
- 1 Bed
- 1 Bath
- 600 ft²
$8,250 /mo
- 4 Beds
- 3 Baths
- 3,258 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017