3960 N Ocean Boulevard #5
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 |
|---|---|---|---|
| Apr 15, 2013 | Sold | ||
| Sold | |||
| Mar 8, 2012 | Listed by The Corcoran Group | $1,575,000 | |
| Listed by The Corcoran Group | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/24/2020
|
4 Bed
|
4 Bath
|
4002 ft²
|
$2,295,000
4 Bed
4 Bath
4002 ft²
|
$2,137,500
-6.86%
12/15/2020
|
Barbara L Whittaker
The Corcoran Group
| |
|
09/11/2019
|
4 Bed
|
4 Bath
|
4002 ft²
|
$1,999,800
4 Bed
4 Bath
4002 ft²
|
$1,880,000
-5.99%
05/22/2020
|
Gerry R Angers
Mizner Grande Realty LLC
| |
|
03/12/2019
|
4 Bed
|
5 Bath
|
4002 ft²
|
$2,099,000
4 Bed
5 Bath
4002 ft²
|
-
-
|
-
| |
|
07/07/2016
|
4 Bed
|
4 Bath
|
4002 ft²
|
$1,500,000
4 Bed
4 Bath
4002 ft²
|
$1,350,000
-10.00%
11/17/2016
|
William F Koch
Premier Estate Properties, Inc
| |
|
12/17/2013
|
4 Bed
|
4 Bath
|
4002 ft²
|
$1,299,000
4 Bed
4 Bath
4002 ft²
|
$1,175,000
-9.55%
07/14/2014
|
KATHY GROSS
ONE SOTHEBY'S INTERNATIONAL REALTY
| |
|
08/27/2013
|
4 Bed
|
4 Bath
|
4002 ft²
|
$1,595,000
4 Bed
4 Bath
4002 ft²
|
$1,500,000
-5.96%
07/08/2015
|
Candace Friis
The Corcoran Group
| |
|
03/08/2012
|
4 Bed
|
4 Bath
|
4002 ft²
|
$1,575,000
4 Bed
4 Bath
4002 ft²
|
$1,450,000
-7.94%
04/15/2013
|
Barbara L Whittaker
The Corcoran Group
|
Building Info
About Polo Ridge Condominiums
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$10,000 /mo
- 2 Beds
- 2 Baths
- 2,476 ft²
$9,500 /mo
- 3 Beds
- 3 Baths
- 2,392 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017