51 Ocean Way Drive
About This Property
The manager has listed the unit size as 1813 square feet.
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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 |
|---|---|---|---|
| May 25, 2024 | No longer available | - | |
| No longer available | |||
| Apr 14, 2024 | No longer available | - | |
| No longer available | |||
| Apr 14, 2024 | Listed by Collado Real Estate | $729,900 | |
| Listed by Collado Real Estate | |||
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Lowest priced 3/2 over $700K in Ponce. Simply Paradise, as described by the previous owner. This fully remodeled home is located on one of the prettiest streets in Ponce Inlet, in my opinion. The lush landscaping, courtyard and double-entry doors draw you into the home offering an oversized living room with double French Doors opening to the Florida Room, which overlooks the Lighthouse Preserve for complete privacy. The entire home is bright with light from the many windows. The beautiful kitchen has a huge walk-in pantry and tons of cabinets. The breakfast area with a bay window seat is currently being shown as a cozy area for reading and sipping coffee or lemon aide. Just off the kitchen is a nice-sized dining room. See More. The manager has listed the unit size as 1813 square feet.
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| Apr 13, 2024 | Price Decreased |
$729,900
↓ $5K
(0.7%) | |
| Price Decreased | |||
| Feb 24, 2024 | Listed by Collado Real Estate | $734,900 | |
| Listed by Collado Real Estate | |||
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Lowest price 3/2 over $700K in Ponce. Simply Paradise, as described by the previous owner. This fully remodeled home is located on one of the prettiest streets in Ponce Inlet, in my opinion. The lush landscaping, courtyard and double-entry doors draw you into the home offering an oversized living room with double French Doors opening to the Florida Room, which overlooks the Lighthouse Preserve for complete privacy. The entire home is bright with light from all the new windows, and has a . The beautiful kitchen has a huge walk-in pantry and tons of cabinets. The breakfast area with a bay window seat is currently being shown as a cozy area for reading and sipping coffee or lemon aide. Just off the kitchen is a nice-sized dining room. The manager has listed the unit size as 1813 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017