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Gilgo 11702 Jones Beach Island
40 Ocean Walk
$430,000
● House - Off Market

40 Ocean Walk

Babylon, NY 11702
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
$702,212
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

Ocean Breezes Will Make You Feel Like You Are On Vacation In This Year Round Home. Sunny Enclosed Porch Is The Perfect Place To Enjoy Relaxing Time. Spacious Living Room, Kitchen With Breakfast Area, Huge Guest Bedroom, And Plenty Of Decks. Outside Shower And A Hot Tub Too! Gated Community Has Marina And Access To Sandy Ocean Beach! 50 Min. To Nyc., Additional information: Appearance:Mint,ExterioFeatures:Tennis
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,262
HOA Dues
-
Year Built
-

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 4 months ago (OneKey MLS #KEYL3052697)

Price History

Date / Event Date Event Price
May 9, 2019 Sold
Premium
Sold
Jul 30, 2018 Listed by Eric G Ramsay Jr Assoc LLC $476,000
Listed by Eric G Ramsay Jr Assoc LLC

Property Highlights

With View

Building Info

Overview

    General

  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,850
  • Lot Size Depth Feet: 1,180
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,086
  • Building Area: 3,086
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,086
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000203
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: SEC. A WEST GILGO LOT 5 BUILDING ON LEASED GROUND

Neighborhood

  • School District Name: Babylon Union Free School District
  • School Tax School District: BABYLON
  • Census Tract: 124602

Zoning

  • Zoning: B

Geography

  • Account Number: 20233002410
  • District: 0100-2
  • Section: 240.00
  • Parcel: 0100-240.00-01.00-156.000
  • Block: 1
  • Lot: 156.000
  • Municipality: BABYLON
  • Latitude: 40.6121
  • Longitude: -73.4214

    Address

  • Full Address: 40 Ocean Walk
  • Address - House Number: 40
  • Address - Street Name: Ocean
  • Address - Suffix Type: Walk
  • State: NY
  • City Name: Babylon
  • Zip Code: 11702

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $796,853
  • Tax Rate Code Area: 472001

    Appraisal Valuation

  • Standard Deviation: 0.2399
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 621,446
  • High Value: 770,589
  • Low Value: 472,302

    Market Valuation

  • Market Total Value: $7,228
  • Market Land Value: $455
  • Market Improvement Value: $6,773

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,770
  • Assessed Land Value: $300
  • Assessed Improvements Value: $4,470
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Jones Beach Island

Stats & Trends

Median Asking:

$1,150,000

Sale Price/ft²

$541

Above Asking

0.00%

Average Days on Market

98

Average Home Size

1726 ft²

Average Home Age

105 years

Currently For Sale

2 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 40 Ocean Walk built and last sold?
The property at 40 Ocean Walk was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 40 Ocean Walk is $0.
What are some comparable homes to 40 Ocean Walk?
There are currently no comparable homes to 40 Ocean Walk.
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