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530 Oceanpoint Avenue
About This Property
Both apartments have been newly renovated and updated! The first-floor apartment features 2 bedrooms, 1 full bathroom, and a spacious living room. The second-floor apartment offers 3 bedrooms, 1 full bathroom, and a large living room. Additional features include a finished basement with a separate entrance and laundry room, plus a third floor.
Each apartment has its own gas, electric, and water meters, as well as separate boilers and hot water tanks, providing convenience and independent utilities. Enjoy a large backyard, long private driveway, and oversized garage.
The home offers 1,942 square feet of living space, not including the basement and third floor. An exceptional opportunity in a prime Cedarhurst location with tremendous flexibility and potential. Live in one unit and rent the other, enjoy a fully income-producing investment, or explore the possibility of converting into a large single-family home!
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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 |
|---|---|---|---|
| Nov 10, 2026 | Listed by Pin It Realty LLC | $1,575,000 | |
| Listed by Pin It Realty LLC | |||
| Sep 6, 2012 | Sold | ||
| Sold | |||
| Jun 6, 2012 | Listed by Pin It Realty LLC | $497,000 | |
| Listed by Pin It Realty LLC | |||
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About Five Towns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017