480 OCEAN Boulevard
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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 |
|---|---|---|---|
| Mar 23, 2017 | Sold | ||
| Sold | |||
| Nov 16, 2016 | Listed by WATSON REALTY CORP | $1,199,000 | |
| Listed by WATSON REALTY CORP | |||
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Gorgeous, impeccably updated 2 story home in ''sweet spot'' of AB close to beach & town center. Fully-renovated, 2013. Kitchen w/ Sub-Zero & Wolf appls, marble counters & Bosch dishwasher. Master w/ evening deck & new master bath w/ cast iron soaking tub, cabinets, marble throughout & custom closet, 3 or 4 additional BR’s–flexible floorplan, 2nd floor laundry w/ farm house sink & granite counter, Travertine throughout 1st floor, Oak floors on 2nd, River City Custom Cabinets, new interior & exterior doors, crown & trim, w/ tongue & groove & board & batten details in Master, Entry, Dining, Upstairs Bath & ½ Bath, New light fixtures & ceiling fans w/ LED can lights & trim w/ dimmers. New gas fireplace w/ built-ins in living room. New HVAC equipment, 2013. Pool. Steps from the beach!
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| Apr 11, 2016 | Listed by WATSON REALTY CORP | $1,275,000 | |
| Listed by WATSON REALTY CORP | |||
| Jul 24, 2013 | Sold | ||
| Sold | |||
| Apr 24, 2013 | Listed by WATSON REALTY CORP | $1,079,000 | |
| Listed by WATSON REALTY CORP | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017