359 Ocean Blvd Unit #7 Boulevard #7
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 13, 2016 | Sold | ||
| Sold | |||
| Feb 16, 2016 | Listed by Carey Giampa, LLC/Rye | $80,000 | |
| Listed by Carey Giampa, LLC/Rye | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/02/2026
|
1 Bed
|
1 Bath
|
472 ft²
|
$345,000
1 Bed
1 Bath
472 ft²
|
$325,000
-5.80%
07/14/2026
|
Tom McGuirk
McGuirk Properties, LLC
| |
|
06/10/2024
|
Studio
|
-
|
260 ft²
|
$229,900
Studio
-
260 ft²
|
$190,000
-17.36%
09/18/2024
|
Michael Lissack
VRG Massachusetts LLC dba The Virtual Realty Group
| |
|
05/30/2019
|
1 Bed
|
1 Bath
|
220 ft²
|
$99,900
1 Bed
1 Bath
220 ft²
|
$85,000
-14.91%
09/13/2019
|
Dale Mcdonough
Tom Saab Real Estate
| |
|
05/23/2019
|
Studio
|
1 Bath
|
260 ft²
|
$104,900
Studio
1 Bath
260 ft²
|
$105,000
+0.10%
07/12/2019
|
Gladys Wallace
| |
|
11/24/2018
|
1 Bed
|
-
|
260 ft²
|
$119,900
1 Bed
-
260 ft²
|
$118,000
-1.58%
01/10/2019
|
Effie Sorrentino
Carey Giampa, LLC/Rye
| |
|
07/30/2017
| |
1 Bed
|
1 Bath
|
228 ft²
|
-
1 Bed
1 Bath
228 ft²
|
-
-
|
-
|
|
02/16/2016
|
1 Bed
|
-
|
210 ft²
|
$80,000
1 Bed
-
210 ft²
|
$78,511
-1.86%
05/13/2016
|
Greg Gagalis
Four Seasons Sotheby's Int'l Realty
| |
|
10/30/2015
|
2 Bed
|
1 Bath
|
1246 ft²
|
$285,000
2 Bed
1 Bath
1246 ft²
|
$260,000
-8.77%
09/12/2016
|
Greg Gagalis
Carey Giampa, LLC/Rye
| |
|
06/26/2015
|
1 Bed
|
-
|
472 ft²
|
$185,000
1 Bed
-
472 ft²
|
$173,000
-6.49%
08/20/2015
|
Greg Gagalis
Four Seasons Sotheby's Int'l Realty
| |
|
03/30/2011
|
1 Bed
|
1 Bath
|
265 ft²
|
$75,900
1 Bed
1 Bath
265 ft²
|
-
-
|
Jean Giguere
BHHS Verani Salem
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017