240 Ocean 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 |
|---|---|---|---|
| Mar 19, 2025 | Sold | ||
| Sold | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Mar 29, 2021 | Listed by Corcoran Baer & McIntosh | $1,800,000 | |
| Listed by Corcoran Baer & McIntosh | |||
| Nov 17, 2020 | In contract | - | |
| In contract | |||
| Jan 16, 2019 | Listed | $1,800,000 | |
| Listed | |||
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Introducing Northwinds! A brand new luxury community of beach-side homes. Contemporary design lends character to spacious rooms ready to customize to meet the requirements of any buyer. Sweeping views of the Shrewsbury River, Atlantic Ocean, NYC, and Sandy Hook are masterfully framed and enjoyed from every room. Plenty of outdoor space to take in the fresh air and enjoy sunsets. Elevators and rooftop decks are just some of the standard features one will find at this exclusive community. An easy commute by ferry to NYC makes this an ideal location for the busy executive to escape the city life. Located in sensational Sea Bright and close to many attractions and restaurants. This community has it all and with a limited number of available home sites, will not last for long! The manager has listed the unit size as 4400 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017