405 Ocean Boulevard #7
About This Property
The manager has listed the unit size as 1140 square feet.
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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 14, 2026 | Listed | $599,900 | |
| Listed | |||
| |||
|
Beach living at its best, with sparkling ocean views right from your front window! Located directly across from Hampton Beach, this extensively updated 2-bedroom, 2-bathroom condo offers a rare opportunity to enjoy the beach lifestyle year-round. One of only 7 units in the association permitted for year-round living, this unique property is the only unit offering ocean views from the front picture window, with additional ocean views from the dining area. Enjoy the convenience of walking to the sand, boardwalk, restaurants, shops, entertainment, and Casino Ballroom, all just steps away. Thoughtfully improved over the years, the main level features an open-concept kitchen, dining, and living area, an updated kitchen with breakfast bar, original hardwood floors, ceiling paneling in the living room, and an updated full bathroom. The primary bedroom features an oversized picture window, bringing the beach setting right into your everyday living space. The finished basement offers exceptional flexibility of over 300 square feet of finished space, an additional 3/4 bathroom, laundry, & abundant storage in back utility room. Whether you’re looking for extra room to host guests, space to spread out, or added versatility for extended stays, the additional finished space is a standout feature. With rentals allowed and a history of seasonal/short-term rental use, this property offers the opportunity to enjoy your own beach retreat while exploring its rental potential. Please note, the association does not allow pets. One assigned parking space is included. Year-round designation, distinctive ocean views, extensive updates, & two levels of living space make this a special Hampton Beach opportunity.
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| Sep 27, 2019 | No longer available | - | |
| No longer available | |||
| Jul 15, 2019 | Price Decreased |
$329,900
↓ $10K
(2.9%) | |
| Price Decreased | |||
| May 16, 2019 | Listed | $339,900 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/27/2021
|
1 Bed
|
1 Bath
|
525 ft²
|
$280,000
1 Bed
1 Bath
525 ft²
|
$265,000
-5.36%
06/30/2021
|
Tatum Trudel
Coldwell Banker Realty Bedford NH
| |
|
05/16/2019
|
2 Bed
|
2 Bath
|
1140 ft²
|
$339,900
2 Bed
2 Bath
1140 ft²
|
-
-
|
-
| |
|
04/24/2015
|
1 Bed
|
1 Bath
|
264 ft²
|
$99,000
1 Bed
1 Bath
264 ft²
|
$93,000
-6.06%
05/29/2015
|
Darlene Dolan
RE/MAX On the Move/Hampton
| |
|
05/11/2014
|
Studio
|
1 Bath
|
360 ft²
|
$99,900
Studio
1 Bath
360 ft²
|
$90,000
-9.91%
08/11/2014
|
Darlene Dolan
RE/MAX On the Move/Hampton
| |
|
12/02/2012
|
Studio
|
1 Bath
|
360 ft²
|
$115,000
Studio
1 Bath
360 ft²
|
$105,000
-8.70%
05/17/2013
|
Darlene Dolan
RE/MAX On the Move/Hampton
| |
|
09/15/2012
|
Studio
|
1 Bath
|
360 ft²
|
$109,900
Studio
1 Bath
360 ft²
|
$100,000
-9.01%
05/03/2013
|
Darlene Dolan
RE/MAX On the Move/Hampton
| |
|
01/09/2012
|
1 Bed
|
1 Bath
|
264 ft²
|
$65,000
1 Bed
1 Bath
264 ft²
|
$62,500
-3.85%
02/29/2012
|
Darlene Dolan
RE/MAX On the Move/Hampton
| |
|
06/28/2011
|
1 Bed
|
1 Bath
|
264 ft²
|
$89,900
1 Bed
1 Bath
264 ft²
|
$85,000
-5.45%
05/03/2013
|
Darlene Dolan
RE/MAX On the Move/Hampton
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017