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251 Avenida Del Sol
About This Property
NO HOA & just minutes from the sand, sea and 2A rated schools! This thoughtfully updated 3-bedroom, 2-bath home offers a flexible floor plan featuring a separate office, flex space, or additional living area to suit your lifestyle. The updated kitchen shines with quartz countertops and modern appliances, while the primary bathroom has been tastefully renovated for comfort and style. New flooring throughout adds a fresh, cohesive feel to the home. Step outside to a spacious backyard perfect for relaxing, entertaining, or enjoying coastal breezes. A metal roof installed in 2019 provides durability and peace of mind, while 2020 Mitsubishi mini-split systems keep the home cool year-round with impressively low utility costs. Ideally located close to the beach, shopping, and dining, this home delivers the best of coastal living without restrictions.
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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 |
|---|---|---|---|
| Aug 1, 2026 | Price Decreased |
$430,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Jul 30, 2026 | Relisted | $434,900 | |
| Relisted | |||
| Jul 8, 2026 | In contract | - | |
| In contract | |||
| Jun 12, 2026 | Price Decreased |
$434,900
↓ $9K
(2.1%) | |
| Price Decreased | |||
| Mar 14, 2026 | Price Decreased |
$444,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
Property Highlights
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About Ocean Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017