534 Broad Avenue
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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.
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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 |
|---|---|---|---|
| Oct 16, 2018 | Sold | ||
| Sold | |||
| Sep 13, 2018 | No longer available | - | |
| No longer available | |||
| Jun 13, 2018 | Listed | $985,000 | |
| Listed | |||
| | |||
|
Brand new, beautiful Normandy Beach waterfront home. Waterviews from every room. Home includes 4+ bedrooms, 3 full bathrooms and open floor plan. Third floor can be made into several rooms if desired. Home is above new FEMA flood elevation requirements and includes a master bedroom with en-suite bathroom and private balcony. Three blocks to beach with private access. Located on wide, deep lagoon. Association includes: basketball court; beach; club house; playground; and tennis court. Close proximity to restaurants and shopping. Great location for the entire family. The manager has listed the unit size as 2576 square feet.
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| May 8, 2018 | Listed by Gloria Nilson & Co. Real Estate | $985,000 | |
| Listed by Gloria Nilson & Co. Real Estate | |||
| | |||
|
Brand new, beautiful Normandy Beach waterfront home. Waterviews from every room. Home includes 4+ bedrooms, 3 full bathrooms and open floor plan. Third floor can be made into several rooms if desired. Home is above new FEMA flood elevation requirements and includes a master bedroom with en-suite bathroom and private balcony. Three blocks to beach with private access. Located on wide, deep lagoon. Association includes: basketball court; beach; club house; playground; and tennis court. Close proximity to restaurants and shopping. Great location for the entire family.
| |||
| May 21, 2014 | Sold | ||
| Sold | |||
Property Highlights
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Price/ft²
Listed On
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About Ocean
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017