2440 SE Ocean Boulevard #A103
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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 |
|---|---|---|---|
| Jan 4, 2024 | No longer available | - | |
| No longer available | |||
| Dec 1, 2023 | Price Decreased |
$205,000
↓ $20K
(8.9%) | |
| Price Decreased | |||
| Nov 9, 2023 | Listed by Paradise Homes Realty of the Treasure Coast | $225,000 | |
| Listed by Paradise Homes Realty of the Treasure Coast | |||
| | |||
|
2/2 East Ocean Gardens on SE Ocean Blvd near Fresh Market! Tile floors throughout and an enclosed Florida room overlook the pool. Ground floor with parking spot right in front. Freshly painted inside. New bathroom vanities installed. Association does not allow pets. One parking spot per unit The manager has listed the unit size as 969 square feet.
| |||
| Mar 13, 2019 | Sold | ||
| Sold | |||
| Feb 1, 2019 | Listed by Re/Max Ultimate Realty | $104,000 | |
| Listed by Re/Max Ultimate Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/10/2024
|
2 Bed
|
2 Bath
|
969 ft²
|
$180,000
2 Bed
2 Bath
969 ft²
|
$153,000
-15.00%
07/10/2025
|
Gail McCallum
RE/MAX of Stuart
| |
|
11/26/2023
|
2 Bed
|
2 Bath
|
1000 ft²
|
$214,900
2 Bed
2 Bath
1000 ft²
|
$204,900
-4.65%
05/20/2024
|
Melissa Conrad
RE/MAX Gold
| |
|
11/09/2023
|
2 Bed
|
2 Bath
|
969 ft²
|
$225,000
2 Bed
2 Bath
969 ft²
|
-
-
|
Pamela Lowe
1st Class Real Estate Paradise
| |
|
08/05/2021
|
2 Bed
|
2 Bath
|
969 ft²
|
$173,500
2 Bed
2 Bath
969 ft²
|
$170,500
-1.73%
01/13/2022
|
Douglas E Addeo
Community Realty Associates
| |
|
11/17/2020
|
2 Bed
|
2 Bath
|
969 ft²
|
$129,750
2 Bed
2 Bath
969 ft²
|
-
-
|
-
| |
|
10/16/2019
|
2 Bed
|
2 Bath
|
969 ft²
|
$115,000
2 Bed
2 Bath
969 ft²
|
$115,500
+0.43%
12/02/2019
|
Melissa Conrad
RE/MAX Gold
| |
|
02/01/2019
|
2 Bed
|
2 Bath
|
969 ft²
|
$104,000
2 Bed
2 Bath
969 ft²
|
$104,000
03/13/2019
|
Mark Mullaney
Re/Max Ultimate Realty
| |
|
11/23/2016
|
2 Bed
|
2 Bath
|
969 ft²
|
$72,000
2 Bed
2 Bath
969 ft²
|
$62,000
-13.89%
02/15/2017
|
Jerome McWilliams
Water Pointe Realty Group
| |
|
06/04/2016
|
2 Bed
|
2 Bath
|
969 ft²
|
$77,900
2 Bed
2 Bath
969 ft²
|
$74,000
-5.01%
09/01/2016
|
Dick Bourgea
Real Estate of Florida
| |
|
02/24/2016
|
2 Bed
|
2 Bath
|
969 ft²
|
$84,900
2 Bed
2 Bath
969 ft²
|
$81,000
-4.59%
04/14/2016
|
Mark Mullaney
RE/MAX of Stuart
| |
|
12/04/2015
|
2 Bed
|
2 Bath
|
969 ft²
|
$75,000
2 Bed
2 Bath
969 ft²
|
$68,000
-9.33%
02/11/2016
|
Mark Mullaney
RE/MAX Ultimate Realty
| |
|
08/25/2015
|
2 Bed
|
2 Bath
|
969 ft²
|
$67,500
2 Bed
2 Bath
969 ft²
|
$77,500
+14.81%
10/16/2015
|
CLAUDIO MOREIRA
KELLER WILLIAMS REALTY OF THE TREASURE COAST
| |
|
09/08/2014
|
2 Bed
|
2 Bath
|
969 ft²
|
$42,500
2 Bed
2 Bath
969 ft²
|
$45,100
+6.12%
12/29/2014
|
Marlene Katz
RE/MAX of Stuart
| |
|
09/11/2012
|
2 Bed
|
2 Bath
|
969 ft²
|
$44,900
2 Bed
2 Bath
969 ft²
|
$38,000
-15.37%
10/29/2012
|
Tabathia Jo Campbell-Flick
Keller Williams Realty Of The Treasure Coast
|
Building Info
About Stuart
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017