420 Esplanade #2
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%.
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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 2, 2023 | No longer available | - | |
| No longer available | |||
| May 8, 2023 | In contract | - | |
| In contract | |||
| Apr 27, 2023 | Listed by RE/MAX Estate Properties | $1,395,000 | |
| Listed by RE/MAX Estate Properties | |||
| | |||
|
/ The manager has listed the unit size as 2012 square feet.
| |||
| Mar 23, 2018 | Sold | ||
| Sold | |||
| Nov 16, 2017 | Listed by Re/Max Estate Properties | $1,225,000 | |
| Listed by Re/Max Estate Properties | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/26/2024
|
3 Bed
|
3 Bath
|
1981 ft²
|
$1,850,000
3 Bed
3 Bath
1981 ft²
|
$1,868,000
+0.97%
02/10/2025
|
Michael Bauman
Aspire Realty Advisors
| |
|
06/17/2024
|
3 Bed
|
3 Bath
|
1935 ft²
|
$2,195,000
3 Bed
3 Bath
1935 ft²
|
$1,995,000
-9.11%
10/15/2024
|
Martha (Mimi) Alonso
RE/MAX Estate Properties
| |
|
04/27/2023
|
3 Bed
|
3 Bath
|
2012 ft²
|
$1,395,000
3 Bed
3 Bath
2012 ft²
|
$1,705,000
+22.22%
05/31/2023
|
Mike Baker
RE/MAX Estate Properties
| |
|
10/30/2019
|
2 Bed
|
2 Bath
|
1800 ft²
|
$1,100,000
2 Bed
2 Bath
1800 ft²
|
$1,050,000
-4.55%
02/12/2020
|
Greg Geilman
RE/MAX Estate Properties
| |
|
11/16/2017
|
3 Bed
|
2 Bath
|
1991 ft²
|
$1,225,000
3 Bed
2 Bath
1991 ft²
|
$1,175,000
-4.08%
03/23/2018
|
Colleen McGuire
Re/Max Estate Properties
|
Building Info
About South Redondo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017