508 Ocean Mdws #508
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%.
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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.
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 |
|---|---|---|---|
| Dec 11, 2020 | Sold | ||
| Sold | |||
| Jun 1, 2020 | Listed by Berkshire Hathaway Home Services - Mel Antonio Real Estate | $215,000 | |
| Listed by Berkshire Hathaway Home Services - Mel Antonio Real Estate | |||
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Why rent? Build your own equity in this great two bedroom, townhouse-style condominium now available in Fairhaven's Ocean Meadows complex! Many improvements including fresh paint, artfully refurbished counter tops and vanities, and tasteful living room flooring. Upstairs are a full Jack & Jill bathroom and two ample bedrooms (views of nothing but green space from the rear bedroom). The main level has a large living room, half bath and open kitchen with dining area and sliders to rear deck -perfect for grilling and entertaining. Bulkhead and interior stairwell access to finished basement with laundry and storage (just add your own flooring!) All appliances negotiable along with some furnishings. Basement room not included in gross living area. Nothing else available in Ocean Meadows -hurry!
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| Jun 25, 2018 | Sold | ||
| Sold | |||
| Apr 10, 2018 | Listed by Better Living Real Estate, LLC | $169,900 | |
| Listed by Better Living Real Estate, LLC | |||
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Great location, 2 bedroom, 1.5 bath Condo in need of some TLC. Come look and make an offer. Seller has never occupied property and no disclosures are provided. To be sold in "As-is" "As-seen" Condition.
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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 |
|---|---|---|---|---|---|---|---|
|
06/01/2020
|
2 Bed
|
2 Bath
|
977 ft²
|
$215,000
2 Bed
2 Bath
977 ft²
|
$217,000
+0.93%
12/11/2020
|
Nick Helgesen
Better Living Real Estate, LLC
| |
|
04/10/2018
|
2 Bed
|
2 Bath
|
977 ft²
|
$169,900
2 Bed
2 Bath
977 ft²
|
$177,000
+4.18%
06/25/2018
|
Paula Almeida
Almeida Realty Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017