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266 Park Avenue
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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 |
|---|---|---|---|
| Mar 13, 2026 | Sold | ||
| Sold | |||
| Feb 11, 2026 | In contract | - | |
| In contract | |||
| Dec 2, 2025 | Listed by Beach Team | $2,099,000 | |
| Listed by Beach Team | |||
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Introducing 266 Park Ave, an enchanting single level home constructed in 1927 by designer & builder Merton E. Cutting and located in the coveted Estates section of Belmont Heights. Sophisticated and private, this elegant property is perched at the crest of the hill on an elevated lot behind a gated entry. Incredible southern exposure drenches the interior with natural sunlight. The oversized living room features high barreled ceilings, fireplace and a large bay window with views of mature landscaping in the secluded courtyard. Step into the gorgeous dining room, framed with a grand lath & plaster tray ceiling and perfectly placed for both intimate dinners or memorable gatherings. Spacious and bright, the chef’s kitchen has a dine-in lounge, vaulted ceilings, double skylights and granite countertops. Escape to any of the four distinctive bedrooms, including a generous primary with gas fireplace, large closet and an ensuite bathroom with soaking tub and walk in shower. The solarium and covered patio collaborate seamlessly, creating an indoor/outdoor space ideal for entertaining and enjoying the coastal breeze. A separate flex space off the garage serves as a gym or home office and is flanked by an outdoor art studio retreat, showcasing the many creative spaces with endless possibilities. An exquisite, one of a kind property with classic touches throughout including oak hardwood floors, vintage doors and hardware, delicate sconces, coved ceilings and so much more. A premier setting in one of the best neighborhoods in Long Beach, just moments from trendy restaurants, shopping and the beach.
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| Mar 14, 2018 | Sold | ||
| Sold | |||
| Feb 1, 2018 | Listed by Coldwell Banker Coast Alliance | $1,285,000 | |
| Listed by Coldwell Banker Coast Alliance | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017