507 Ocean Boulevard #2
About This Property
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Cap Rate Calculator
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, 2009 | Sold | ||
| Sold | |||
| Mar 6, 2009 | Listed by RE/MAX Coast to Coast | $359,900 | |
| Listed by RE/MAX Coast to Coast | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/12/2024
|
3 Bed
|
3 Bath
|
1694 ft²
|
$788,000
3 Bed
3 Bath
1694 ft²
|
$770,000
-2.28%
09/16/2024
|
Sean Bakhtiari
Compass New England, LLC
| |
|
04/18/2023
|
3 Bed
|
3 Bath
|
1680 ft²
|
$659,000
3 Bed
3 Bath
1680 ft²
|
$659,000
06/22/2023
|
Jonathan McInnis
Harris Real Estate
| |
|
03/27/2020
|
3 Bed
|
3 Bath
|
1694 ft²
|
$525,000
3 Bed
3 Bath
1694 ft²
|
$525,000
03/27/2020
|
Tom McGuirk
McGuirk Properties, LLC
| |
|
06/04/2019
|
3 Bed
|
3 Bath
|
1694 ft²
|
$559,900
3 Bed
3 Bath
1694 ft²
|
-
-
|
-
| |
|
05/11/2015
|
3 Bed
|
3 Bath
|
1680 ft²
|
$450,000
3 Bed
3 Bath
1680 ft²
|
$440,000
-2.22%
07/02/2015
|
Jane Currivan
Coldwell Banker Realty Portsmouth NH
| |
|
03/06/2009
|
3 Bed
|
3 Bath
|
1680 ft²
|
$359,900
3 Bed
3 Bath
1680 ft²
|
$350,000
-2.75%
09/16/2009
|
Lauren Stone
Carey Giampa, LLC/Rye
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017