51 BEACH Avenue
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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 |
|---|---|---|---|
| Feb 20, 2019 | Sold | ||
| Sold | |||
| Dec 15, 2018 | Listed by NON MLS (realMLS) | $1,700,000 | |
| Listed by NON MLS (realMLS) | |||
| Jan 25, 2016 | Sold | ||
| Sold | |||
| Oct 15, 2015 | Listed by NON MLS (realMLS) | $1,050,000 | |
| Listed by NON MLS (realMLS) | |||
| Jul 17, 2014 | Listed by FLORIDA REALTY USA, INC. | $2,200,000 | |
| Listed by FLORIDA REALTY USA, INC. | |||
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OCEANFRONT HOMESITES at ATLANTIC BEACH TOWNCENTER! Oceanfront 12,350sf CORNER LOT 50x246 zoned RG-2 allowing 2 LARGE HOMES which CAN BE SOLD SEPARATELY when connected to a garage between the two houses. NEW SEWER LINE and 2 INCH WATER SERVICE(COMMERCIAL OR RESIDENTIAL) already in place for a new 3 story home (up to 35 ft height) on east portion of lot. Can also build a SECOND FULL SIZED HOME on west portion of lot (WEST of the CCCL where no state permit is required), or keep the existing partially renovated vintage 1925 house for a GUEST HOUSE, rental income, BED & BREAKFAST, in-laws, etc. TWO building sites at just $1,100,000 per site! See photos & documents for survey, DEP recommendation, seawall diagram, city zoning map, etc.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017