401 8th Avenue
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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 23, 2021 | Sold | ||
| Sold | |||
| Oct 1, 2021 | Listed by Keller Williams Shore Properties | $1,900,000 | |
| Listed by Keller Williams Shore Properties | |||
| | |||
|
ORTLEY BEACH - WATERFRONT BEAUTY WITH IN-GROUND HEATED SALTWATER POOL AND TRANQUIL BACK YARD OASIS - THIS PRACTICALLY NEW DAKAN BUILT HOME FEATURES HIGH END KITCHEN AND BATHROOMS, 2 MASTER BEDROOM SUITES, WALK-IN CLOSET, CROWN MOLDING, GRANITE COUNTERS, 9' CEILING ON FIRST FLOOR, DIRECT ENTRY FROM GARAGE, VINYL FENCING, LARGE DECK OFF KITCHEN, PAVER DRIVEWAY, O/S SHOWER, VINYL BULKHEAD, AND MORE - COME SEE THIS FANTASTIC HOUSE WITH BEAUTIFUL COVE LOCATION AND ALL THAT ORTLEY BEACH AND THE JERSEY SHORE HAVE TO OFFER
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| Aug 22, 2019 | Sold | ||
| Sold | |||
| Jun 21, 2019 | Listed by Ocean Beach Sales | $399,900 | |
| Listed by Ocean Beach Sales | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017