405 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 |
|---|---|---|---|
| Oct 9, 2025 | Sold | ||
| Sold | |||
| Sep 6, 2025 | In contract | - | |
| In contract | |||
| Aug 22, 2025 | Listed by Keller Williams Shore Properties | $1,399,950 | |
| Listed by Keller Williams Shore Properties | |||
| Dec 1, 2021 | No longer available | - | |
| No longer available | |||
| Oct 17, 2021 | Listed by Keller Williams Shore Properties | $1,399,900 | |
| Listed by Keller Williams Shore Properties | |||
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ORTLEY BEACH - WATERFRONT - COVE FRONT BEAUTY - 2019 BUILT NEW - HOME FEATURES MASTER BEDROOM SUITE OVERLOOKING WATER - 4TH SLEEPING AREA - OVERSIZED HEATED GARAGE WITH 10' CEILINGS FOR RECREATION - ENTERTAINING - BOAT STORAGE - FRONT AND REAR GARAGE DOORS - VINYL BULKHEAD WITH 25' FINGER DOCK - BOAT LIFT AND JET SKI LIFT INCLUDED - COME TAKE A LOOK AND SEE WHY THIS IS A SPECIAL PLACE TO OWN The manager has listed the unit size as 1800 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017