500 Beachview Drive #2N
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 |
|---|---|---|---|
| Apr 30, 2025 | Sold | ||
| Sold | |||
| Mar 26, 2025 | In contract | - | |
| In contract | |||
| Mar 20, 2025 | Price Decreased |
$2,500,000
↓ $495K
(16.5%) | |
| Price Decreased | |||
| Oct 22, 2024 | Listed by Dale Sorensen Real Estate Inc. | $2,995,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/22/2024
|
4 Bed
|
5 Bath
|
4372 ft²
|
$2,995,000
4 Bed
5 Bath
4372 ft²
|
$2,500,000
-16.53%
04/30/2025
|
Cathy Curley
Dale Sorensen Real Estate Inc.
| |
|
02/06/2024
|
4 Bed
|
4.5 Bath
|
4372 ft²
|
$3,295,000
4 Bed
4.5 Bath
4372 ft²
|
-
-
|
Cathy Curley
Dale Sorensen Real Estate Inc.
| |
|
12/31/2013
|
3 Bed
|
3 Bath
|
3500 ft²
|
$1,650,000
3 Bed
3 Bath
3500 ft²
|
$1,490,000
-9.70%
04/30/2014
|
Joseph Liguori
Premier Estate Properties Inc
| |
|
01/24/2013
|
4 Bed
|
5 Bath
|
-
|
$1,980,000
4 Bed
5 Bath
|
$1,650,000
-16.67%
04/17/2013
|
Michael Thorpe
One Sotheby's International
| |
|
06/30/2012
|
3 Bed
|
3 Bath
|
-
|
$2,300,000
3 Bed
3 Bath
|
$1,250,000
-45.65%
04/26/2013
|
Matilde G Sorensen
Dale Sorensen Real Estate Inc.
|
Building Info
About Indian River Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017