248 11TH Street
About This Property
This architecturally significant home blends iconic mid-century design with modern upgrades. Fully renovated inside and out in 2019, it features a new exterior, resurfaced pool with marble decking, new heater, and pump. Inside, enjoy soaring 20' ceilings, floor-to-ceiling windows, and abundant natural light. The open kitchen offers all-new appliances and an oversized island, flowing into a spacious dining area. The primary and secondary bathrooms were fully remodeled with custom tile and upscale finishes. Contemporary details enhance the home's original character. Outdoor spaces include a covered patio and second-floor balcony overlooking the pool and private backyard. Just a short walk to the beach, parks, and Atlantic Beach Town Center, this rare home offers timeless style, modern comfort, and an exceptional location.
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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 |
|---|---|---|---|
| Nov 25, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Aug 25, 2025 | Price Decreased |
$1,695,000
↓ $30K
(1.7%) | |
| Price Decreased | |||
| Jun 5, 2025 | Listed by COLDWELL BANKER VANGUARD REALTY | $1,725,000 | |
| Listed by COLDWELL BANKER VANGUARD REALTY | |||
| Apr 19, 2018 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017