3624 Ocean Drive
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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 |
|---|---|---|---|
| Nov 26, 2024 | Sold | ||
| Sold | |||
| Nov 13, 2024 | In contract | - | |
| In contract | |||
| Nov 5, 2024 | Listed by Coldwell Banker Realty | $2,995,000 | |
| Listed by Coldwell Banker Realty | |||
| Feb 28, 2014 | Sold | ||
| Sold | |||
| Dec 31, 2013 | Listed by Coldwell Banker Realty | $1,700,000 | |
| Listed by Coldwell Banker Realty | |||
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Timeless Cape Cod new construction in the heart of Hollywood Beach! There are three levels of living plus a spacious roof top deck with forever views to the Channel Islands. Tastefully appointed with decorator colors, wainscotting and exquisite light fixtures, this is a true California Beach House delight! The center level of the home features an open great room with a gorgeous gourmet kitchen complete with a cast iron porcelain farmhouse sink, French door style fridge, wine fridge and walk-in pantry. In the rear of this level is a den, powder room and laundry. The third floor is equipped with two master suites. The ocean-view master features a fireplace and ocean-view master retreat, which would make an ideal exercise room, home office or nursery. The co-master has views of the Channel Islands Harbor. On the first floor there are two additional bedrooms, a full bathroom, and a first floor living room. The spacious roof deck has spectacular views of the ocean, islands and harbor.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017