40 Ocean Drive
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%.
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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.
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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 |
|---|---|---|---|
| Jun 28, 2023 | Sold | ||
| Sold | |||
| Mar 22, 2023 | Listed by Carey & Giampa, LLC/Hampton | $1,699,995 | |
| Listed by Carey & Giampa, LLC/Hampton | |||
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Ocean Views of Seabrook Beach!!! Property is physically in Hampton/Sun Valley, but is in the Seabrook Beach community. This Beautifully renovated 4 bedroom, year-round beach house is directly across from the beach access! Gorgeous new kitchen with a huge island, quartz countertops and stainless appliances. The open concept living room, kitchen and dining area is perfect for entertaining. Fantastic Primary bedroom suite on the second floor with electric fireplace, bathroom, desk area, and a private balcony with ocean views. 2nd floor has another large bedroom, bath and laundry, along with a cozy sitting nook. The 2 bedrooms and a full bath on the first floor allows for living and entertaining flexibility for family,friends, or rentals. Luxury vinyl floors throughout! The covered porch extends your living space in the summer, and allows you to be outside, protected from the sun and weather. Fenced-in yard, separate turf area with built-in fireplace, lots of parking in back, and a garage space under! Basement is partially finished, and ready for your touches for extra sleeping and play space! Plumbing in place for an extra bathroom. Outdoor shower. Great storage. All systems upgraded, including central A/C. Maintenance free exterior allows for extra time at the beach!! Summer is coming...enjoy the beach!! Showings begin Friday 3/24/23. Appointment only.
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| Jan 7, 2021 | Sold | ||
| Sold | |||
| Nov 20, 2020 | Listed by Keller Williams Gateway Realty/Salem | $850,000 | |
| Listed by Keller Williams Gateway Realty/Salem | |||
| Mar 18, 1997 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017