409 Ocean Grove Circle
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%.
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 |
|---|---|---|---|
| Jun 19, 2017 | Sold | ||
| Sold | |||
| Sep 22, 2015 | Listed by WATSON REALTY CORP | $1,199,000 | |
| Listed by WATSON REALTY CORP | |||
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Live among the majestic oaks and cedars in this elegant, custom home in Sea Colony. five bedroom en-suites with five full and one half baths. The home features an apartment over the garage,. Elevator shafts when needed. Walk across the street to the ocean on one of the four ocean walkovers or enjoy the community pool and pavilion, directly on the ocean, with kitchen for residents. Sea Colony is a gated, oceanfront community with 24 hour guard, and shopping directly across the street Great design.
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| Nov 6, 2012 | Sold | ||
| Sold | |||
| Jan 5, 2009 | Listed by WATSON REALTY CORP | $1,479,000 | |
| Listed by WATSON REALTY CORP | |||
| Aug 24, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017