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266 Beach Drive
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 |
|---|---|---|---|
| Dec 10, 2018 | Sold | ||
| Sold | |||
| Sep 6, 2018 | Listed by Strock Real Estate | $1,880,000 | |
| Listed by Strock Real Estate | |||
| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| May 15, 2018 | Listed | $1,950,000 | |
| Listed | |||
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I awoke to a beautiful sunrise this morning from my new beach house, the dolphins were playful as they knew it was going to be a warm summer day. There were occasional otters passing by on the edge of glassy waves breaking only a hundred feet from my deck. The kids were so excited to be here on our first weekend of ownership with new boogie boards and sand toys and the sand right off the back door. Feeling beyond grateful to be spending this quality time with my family away from the hustle of everyday life this is as good as it gets. The house is sparkling clean from the previous owners remodel which added tons of character and charm to a classic beach home; the floorplan works perfectly for my family with three bedrooms upstairs, and wide open down below flowing from inside out onto the sand. It is hard to believe that we could have ever gotten so lucky to find this gem, this is a purchase Ill never regret! The manager has listed the unit size as 1320 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017