3574 Ocean Terrace
About This Property
Living is easy beyond the confines of your luxurious abode as numerous restaurants, deli's, ice cream parlors and shops are within walking distance. Close to Normandy Beach Yacht Club for all your social needs and Normandy Beach Bay Beach summer camp for the kids to have summer long activities while meeting their future friends for life.
Every moment spent in this exquisite home is a postcard-perfect memory waiting to be made. Schedule your private tour and let the journey to unrivaled coastal living in Normandy Beach begin!
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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 16, 2024 | Sold | ||
| Sold | |||
| Nov 23, 2024 | In contract | - | |
| In contract | |||
| Oct 12, 2024 | Listed by Childers Sotheby's Intl Realty | $5,850,000 | |
| Listed by Childers Sotheby's Intl Realty | |||
| Jul 10, 2024 | Price Decreased |
$5,850,000
↓ $645K
(9.9%) | |
| Price Decreased | |||
| Jun 6, 2024 | Listed | $6,495,000 | |
| Listed | |||
| | |||
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Exciting opportunity to own your piece of paradise with this extraordinary beachfront sanctuary. Step inside to discover a meticulously designed interior that seamlessly blends modern elegance with coastal charm throughout a 4-story, reverse living floor plan designed to maximize ocean views. Located in the prime Normandy Shores community, this home features 5 bedrooms including 2 primary suites & 2 custom-built bunk rooms, 5 bathrooms & 2 expansive outdoor patios to enjoy the soothing sound of waves crashing against the shore, greet each day with sunrise views over the water, and delight in unforgettable alfresco dining with family and friends. Additional features include a fully appointed gourmet chef's kitchen, 2 laundry rooms, 4-stop elevator, outdoor shower w/direct bathroom access, & fenced-in ground-floor patio featuring 480 sq ft of paver space & sandy beach. Step out to pristine Normandy Shores Beach, accessed through private back gate. Ground floor includes ample space for additional playroom, gym equipment w/Peloton, and ample storage for all your beach accessories. Large garage & parking spaces for 5 vehicles.
Living is easy beyond the confines of your luxurious abode as numerous restaurants, deli's, ice cream parlors and shops are within walking distance. Close to Normandy Beach Yacht Club for all your social needs and Normandy Beach Bay Beach summer camp for the kids to have summer long activities while meeting their future friends for life.
Every moment spent in this exquisite home is a postcard-perfect memory waiting to be made. Schedule your private tour and let the journey to unrivaled coastal living in Normandy Beach begin!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017