256 Ocean Ave
About This Property
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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 |
|---|---|---|---|
| Jul 23, 2018 | Sold | ||
| Sold | |||
| May 29, 2018 | Listed by William Raveis R.E. & Home Services | $1,600,000 | |
| Listed by William Raveis R.E. & Home Services | |||
| Nov 1, 2017 | Sold | ||
| Sold | |||
| May 28, 2008 | Sold | ||
| Sold | |||
| Sep 28, 2007 | Listed by Coldwell Banker Realty - Marblehead | $1,600,000 | |
| Listed by Coldwell Banker Realty - Marblehead | |||
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Granite based Colonial with extensive stonework on exterior and garage. Ocean views of Atlantic and Tinkers Island. Deeded rights to sandy beach across the street. Built 1935 and unique to the Neck, it awaits updating to become a classic mini mansion. The exterior granite detail would be prohibitively expensive today, with stone walls as high as 20 feet, stone stairways, stone patio. A solid investment in a special house. A separate lot at 258 Ocean is included in price and measurement.
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Address: 335 Madison Avenue, New York, NY 10017