53 Bayside Parkway
About This Property
CAFRA Permit Submitted & is in process for approval. Plans are Proposed to Build an Approx. 3,000 SqFt home with 2.5 Stories. The proposed plans conform to the Zoning Regulations for Middletown Township.
The buyer should do their own due diligence!
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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%.
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 |
|---|---|---|---|
| Jan 9, 2024 | Sold | ||
| Sold | |||
| Oct 25, 2023 | Listed by NextHome Force Realty Partners | $299,999 | |
| Listed by NextHome Force Realty Partners | |||
| Aug 3, 2023 | No longer available | - | |
| No longer available | |||
| May 18, 2023 | Price Decreased |
$299,900
↓ $25K
(7.7%) | |
| Price Decreased | |||
| Jan 31, 2023 | Listed by Berkshire Hathaway Home Services Fox & Roach | $325,000 | |
| Listed by Berkshire Hathaway Home Services Fox & Roach | |||
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Seller is offering plans for this amazing opportunity to build your own home on this property overlooking Ideal Beach, one of Monmouth County's best kept secrets! Seller will consider financing. Enjoy the spectacular bay and ocean views including the NY skyline. Minutes to express ferry, train and bus...a commuter's delight. Drive through shore towns to beautiful beaches and fabulous restaurants galore!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017