279 Ocean Avenue
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 |
|---|---|---|---|
| Mar 30, 2016 | Sold | ||
| Sold | |||
| Mar 24, 2015 | Listed by Sagan Harborside Sotheby's International Realty | $3,399,000 | |
| Listed by Sagan Harborside Sotheby's International Realty | |||
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Perched high above its own private beach, this waterfront property commands a prime location on coveted Marblehead Neck. The 5 bedroom, 5.5 bath home fully inhabits its majestic maritime setting, with sweeping views of the Atlantic Ocean anchored by a focal point of Tinker's Island, elegant and simple interior spaces that welcome the sea and sky and an open floor plan that invites casual living and elegant entertaining. Step through the front door and sparkling blue sea meets your gaze from across the living room, holding it as you move through light-filled rooms accented by high windows, quartered red oak floors, custom mahogany cabinets and period crown and base molding and columns. Expansive mahogany decks off the kitchen, living room, family room and office as well as a covered porch off the dining room ensure that sun, air and surf are never more than a step away. The home joins functionality and luxury in the service of its natural setting.
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| Feb 17, 2000 | Sold | ||
| Sold | |||
| Oct 15, 1999 | Listed by By The Sea Sotheby's International Realty | $1,950,000 | |
| Listed by By The Sea Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017