245 Atlantic Avenue
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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 |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| May 13, 2025 | In contract | - | |
| In contract | |||
| Feb 25, 2025 | Listed by Christian Angle Real Estate | $14,950,000 | |
| Listed by Christian Angle Real Estate | |||
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Stunning 5BR/5BA Bermuda Colonial home built in 2015 in fantastic, In-Town location. Just one block from the lake trail and the Atlantic Ocean. Highlights include light-filled living spaces, a gracious floorplan, and high ceilings. Chef's kitchen with Sub Zero and Thermador appliances, two dishwashers, and walk-in pantry. Spectacular outdoor spaces perfect for al-fresco dining and entertaining. Covered loggia with summer kitchen features unique automatic open/close roof system. Gorgeous tropical landscaping surrounds the 60-foot lap pool, spa/cold plunge, sauna, and mini basketball court. Second floor primary suite with spacious ensuite bathroom and dual walk-in closets. Additional features include air-conditioned 2-car garage, hardwood and limestone flooring, and full impact windows and doors.
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| Dec 4, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $4,900,000 | |
| Listed | |||
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Just one block from both the Atlantic Ocean and the bike trail, this newly built Bermuda Colonial provides luxurious state-of-the-art features with the conveniences of in-town living. Conversation and company flow through the open floor plan which includes a great room (with dining, sitting, family areas) all open to chef's kitchen, a master suite with dual sinks, a roman tub and separate shower in the grand bath as well as walk-in closets. Walls of glass doors lead to the lushly landscaped back yard with pool and covered loggia for relaxing. Two laundry rooms, a two-car garage, and full hurricane impact windows complete this home.The manager has listed the unit size as 4402 square feet.
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About Orange Grove Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017