425 Ocean Boulevard #4
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 |
|---|---|---|---|
| May 26, 2022 | Sold | ||
| Sold | |||
| Apr 8, 2022 | Listed by Derek Greene | $509,000 | |
| Listed by Derek Greene | |||
| Mar 1, 2021 | Sold | ||
| Sold | |||
| Jan 6, 2021 | Listed by Oceanside Real Estate | $397,500 | |
| Listed by Oceanside Real Estate | |||
| | |||
|
Oceanfront Condo in excellent condition throughout. Turn-key and ready to move in. Ocean views from the living room, dining area and kitchen and especially from the 6 x12 deck. There you can watch the beach-goers and the fireworks. Parking for 1 car in the garage and another in the exterior deeded space. Elevator is in the garage next to your car for easy unloading of groceries to your unit. Extra storage area also located in the garage. Small study off the master bedroom is 3 seasons, but can be used with a small heater off season. Comfortable, economical gas heat throughout and individual A/C units, thermostatically controlled in each room. Ceiling fans in living room and bed rooms. Property located north of the busiest areas so that access to and from your unit is easy, even on the busiest of days. If you've been wanting to live on the Ocean Front, you need to see this unit.
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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