425 Ocean Boulevard #11
About This Property
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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.
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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 |
|---|---|---|---|
| Sep 16, 2024 | Sold | ||
| Sold | |||
| Aug 26, 2024 | In contract | - | |
| In contract | |||
| Jul 18, 2024 | Listed by Lamacchia Realty, Inc. | $349,900 | |
| Listed by Lamacchia Realty, Inc. | |||
| | |||
|
Charming Two-Bedroom Condo Near the Atlantic Ocean! Welcome to this inviting 3rd-floor condo, a beach lover's dream! With its convenient layout, this home is perfect for those who cherish the coastal lifestyle. Relax on your private, covered balcony, where you can soak in the refreshing ocean air. The sun-drenched living room boasts a cozy atmosphere with wall-to-wall carpeting, creating a warm and inviting space. Both bedrooms also feature wall-to-wall carpeting, while the primary bedroom includes a ceiling fan, an in-wall air conditioner, and a laundry closet for added convenience. You'll find plenty of storage in the dedicated storage room within the heated garage, ensuring all your essentials are neatly tucked away. The elevator provides easy access from your condo to the parking area, where you'll enjoy the convenience of a deeded spot in the heated garage and an additional deeded space in the parking lot. Enjoy Embrace the coastal lifestyle in this delightful condo!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/18/2024
|
2 Bed
|
1 Bath
|
700 ft²
|
$379,000
2 Bed
1 Bath
700 ft²
|
$339,500
-10.42%
09/16/2024
|
Vinny Scifo
Lamacchia Realty, Inc.
| |
|
04/08/2022
|
2 Bed
|
2 Bath
|
1142 ft²
|
$509,000
2 Bed
2 Bath
1142 ft²
|
$509,000
05/26/2022
|
Derek Greene
Derek Greene
| |
|
05/08/2021
|
2 Bed
|
2 Bath
|
700 ft²
|
$374,000
2 Bed
2 Bath
700 ft²
|
$371,000
-0.80%
07/27/2021
|
Duane Windemiller
Oceanside Real Estate
| |
|
01/06/2021
|
2 Bed
|
2 Bath
|
1143 ft²
|
$397,500
2 Bed
2 Bath
1143 ft²
|
$400,000
+0.63%
03/01/2021
|
Duane Windemiller
Oceanside Real Estate
| |
|
01/04/2021
|
2 Bed
|
2 Bath
|
700 ft²
|
$315,000
2 Bed
2 Bath
700 ft²
|
$302,000
-4.13%
02/24/2021
|
Lisa Parsons
Carey & Giampa, LLC
| |
|
01/17/2020
|
2 Bed
|
2 Bath
|
700 ft²
|
$299,000
2 Bed
2 Bath
700 ft²
|
-
-
|
-
| |
|
04/01/2019
|
2 Bed
|
2 Bath
|
774 ft²
|
$305,000
2 Bed
2 Bath
774 ft²
|
$305,000
04/30/2019
|
Brandon Whitcher
W Real Estate
| |
|
09/24/2018
|
2 Bed
|
2 Bath
|
774 ft²
|
$305,000
2 Bed
2 Bath
774 ft²
|
$305,000
05/02/2019
|
Brandon Whitcher
| |
|
07/30/2017
| |
2 Bed
|
2 Bath
|
1143 ft²
|
-
2 Bed
2 Bath
1143 ft²
|
-
-
|
-
|
|
05/05/2017
|
2 Bed
|
2 Bath
|
1143 ft²
|
$349,000
2 Bed
2 Bath
1143 ft²
|
$320,000
-8.31%
10/05/2017
|
Duane Windemiller
Oceanside Real Estate
| |
|
03/26/2016
|
2 Bed
|
2 Bath
|
700 ft²
|
$214,000
2 Bed
2 Bath
700 ft²
|
$199,000
-7.01%
11/04/2016
|
Duane Windemiller
Oceanside Real Estate
| |
|
01/14/2013
|
2 Bed
|
2 Bath
|
1143 ft²
|
$289,900
2 Bed
2 Bath
1143 ft²
|
$285,000
-1.69%
04/02/2013
|
Celine Frechette
Carey & Giampa, LLC
| |
|
04/09/2012
|
2 Bed
|
2 Bath
|
700 ft²
|
$169,000
2 Bed
2 Bath
700 ft²
|
$169,000
06/27/2012
|
Tom McGuirk
McGuirk Properties, LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017