420 Nelson Avenue
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 |
|---|---|---|---|
| Nov 14, 2025 | Sold | ||
| Sold | |||
| Oct 30, 2025 | In contract | - | |
| In contract | |||
| Oct 8, 2025 | Listed by Better Homes and Gardens Real Estate Murphy & Co | $3,250,000 | |
| Listed by Better Homes and Gardens Real Estate Murphy & Co | |||
| Mar 31, 2021 | Sold | ||
| Sold | |||
| Oct 5, 2020 | Listed by RE/MAX at Barnegat Bay - Ship Bottom | $2,695,000 | |
| Listed by RE/MAX at Barnegat Bay - Ship Bottom | |||
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Located in the coveted Webster Lagoons neighborhood of Beach Haven this large, professionally landscaped and beautifully maintained home is uniquely situated, creating a private, tranquil oasis. It is incredibly buffered by its location adjacent to a sanctuary preserve. This 6 bedroom, 3 full bath and 2 half bath, 3,859 sq ft home features a lovely kitchen including high-end Sub-Zero and Thermador appliances with center Island seating and additional wet bar and wine fridge, a large walk-in pantry, 3 gas fireplaces, Sonos sound system inside and out, full house central vac, and built in closets in each room. A recent addition by Perennial Homes expanded the first floor family room and added another dining/entertaining area that includes an area designed by Francie Milano complete with a wet bar, fridge and ice machine. As a bonus the new room doubled the size of the deck above. This home was designed with outdoor living in the front of mind- The Main deck includes incredible bay views and year-round sunsets, and the Roof Top deck provides 360 views from Causeway to bay and Atlantic City . Amazing fenced backyard paradise is beautifully landscaped with extensive hardscaping complete with elegant up-lighting and multiple entertainment zones for dining, lounging and seating. The backyard also features an expansive outdoor kitchen with 56" Al Fresco Grill with rotisserie and separate side burner, refrigerator and granite counter/bar, custom spa with high power jets, lights and heater, and a custom gas fire pit. And don't forget the front porch which provides cool shaded seating and relaxation as you look out at the lush landscaped central garden. Wonderful location without any rentals on block - a quick walk to the beach, just a quick walk or bike ride to LEHYC for boating, tennis and socializing and a perfect 1.5-mile walk or run to the Holgate Sanctuary at the end of the Island. Come see this beautiful Beach Haven home today.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017