505 11th Avenue
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 |
|---|---|---|---|
| Jul 22, 2026 | Sold | ||
| Sold | |||
| Jun 10, 2026 | In contract | - | |
| In contract | |||
| Apr 29, 2026 | Listed by Diane Turton, Realtors-Point Pleasant Boro | $2,799,000 | |
| Listed by Diane Turton, Realtors-Point Pleasant Boro | |||
| Jul 16, 2025 | Price Increased |
$2,399,000
↑ $100K
(4.4%) | |
| Price Increased | |||
| Dec 30, 2024 | Listed | $2,299,000 | |
| Listed | |||
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Build your dream home just blocks from Belmar's beautiful beaches! This 50 X 145 lot has custom plans for a 4 bdrm, 4 full bath with covered front porch, detached garage, paver driveway and room for a pool. The first floor has open floor plan with kitchen island, dining area, and family room w/gas fireplace. First floor offers 9' ceilings, office, mud room and full bath. Second floor has four generous bedrooms, 3 additional baths and laundry room.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017