2480 Ocean Shore Boulevard #123
About This Property
The manager has listed the unit size as 980 square feet.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 8, 2022 | No longer available | - | |
| No longer available | |||
| Mar 5, 2022 | Listed | $350,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/27/2025
|
2 Bed
|
2 Bath
|
980 ft²
|
$249,900
2 Bed
2 Bath
980 ft²
|
$230,000
-7.96%
12/19/2025
|
Brannon Owens
KELLER WILLIAMS RLTY FL. PARTN
| |
|
03/24/2025
|
2 Bed
|
2 Bath
|
980 ft²
|
$300,000
2 Bed
2 Bath
980 ft²
|
$269,500
-10.17%
06/30/2025
|
Matt Renshaw
REALTY PROS ASSURED
| |
|
05/16/2024
|
2 Bed
|
3 Bath
|
986 ft²
|
$355,000
2 Bed
3 Bath
986 ft²
|
$286,000
-19.44%
08/30/2024
|
Renata Rosander
Realty Pros Assured
| |
|
12/15/2023
|
2 Bed
|
2.5 Bath
|
980 ft²
|
$389,000
2 Bed
2.5 Bath
980 ft²
|
-
-
|
Matthew Renshaw
Realty Pros Assured
| |
|
03/05/2022
|
2 Bed
|
3 Bath
|
980 ft²
|
$350,000
2 Bed
3 Bath
980 ft²
|
-
-
|
Marsha E. Cooksey PA
Realty Pros Assured
|
Building Info
About Ocean Dunes Townhouse Condominiums
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017