425 Ocean Boulevard #11
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 |
|---|---|---|---|
| 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. | |||
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