1
Map
535 Beach Drive
About This Property
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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 |
|---|---|---|---|
| Aug 18, 2023 | Sold | ||
| Sold | |||
| Jul 27, 2023 | Listed by Monterey Bay Properties | $1,900,000 | |
| Listed by Monterey Bay Properties | |||
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Here is your dream opportunity! This residential lot is Ocean Front, on the Sand! Owned by a local family who had built their sweet getaway in 1958, but the old foundation was no match for our last winter storms. Instead of rebuilding, the family said it was time for you to enjoy this rare jewel and build your piece paradise! Located on the private gated section of Beach Dr. you are neighbors with some of the most beautiful homes in our region. The ability to build on a lot with unobstructed views of Monterey Bay, hear the waves, and have your morning coffee with your toes in the sand out your door! Your utilities are there and the pre-existing home was 1,167 Sq.Ft . Don't miss this rare offering!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017