520 Ocean Boulevard #6
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 |
|---|---|---|---|
| Dec 5, 2024 | Sold | ||
| Sold | |||
| Oct 22, 2024 | In contract | - | |
| In contract | |||
| Oct 9, 2024 | Listed by East Coast Group One Realty | $645,000 | |
| Listed by East Coast Group One Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/09/2024
|
2 Bed
|
2 Bath
|
1263 ft²
|
$645,000
2 Bed
2 Bath
1263 ft²
|
$675,000
+4.65%
12/05/2024
|
Martha Baroody
RE/MAX On the Move/Hampton
| |
|
05/29/2024
|
2 Bed
|
2 Bath
|
1263 ft²
|
$679,900
2 Bed
2 Bath
1263 ft²
|
$665,000
-2.19%
07/15/2024
|
Tom McGuirk
McGuirk Properties, LLC
| |
|
09/20/2018
|
2 Bed
|
2 Bath
|
1263 ft²
|
$399,900
2 Bed
2 Bath
1263 ft²
|
$390,000
-2.48%
01/25/2019
|
Kathy Walsh
RE/MAX Shoreline
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017