6
Map
359 8TH Street
About This Property
**The adjacent residence is also available for purchase.**
This extraordinary offering presents a unique opportunity to acquire both properties, creating a true Atlantic Beach estate. For buyers seeking to maximize the opportunity, the seller will consider offers for both the residence and homesite, presenting a rare chance to assemble a premier coastal property with added flexibility, privacy, and long-term potential. Opportunities to purchase a buildable lot in Atlantic Beach are rare; the chance to acquire the neighboring home and lot together is even rarer!
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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 12, 2026 | In contract | - | |
| In contract | |||
| Jun 5, 2026 | Listed by KST GROUP LLC | $1,200,000 | |
| Listed by KST GROUP LLC | |||
| Apr 16, 2014 | Sold | ||
| Sold | |||
| Apr 15, 2014 | Listed by KST GROUP LLC | $430,000 | |
| Listed by KST GROUP LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017