550 Ocean Dr #3E
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 |
|---|---|---|---|
| May 2, 2025 | Sold | ||
| Sold | |||
| Mar 19, 2025 | In contract | - | |
| In contract | |||
| Feb 6, 2025 | Price Decreased |
$775,000
↓ $50K
(6.1%) | |
| Price Decreased | |||
| Dec 30, 2024 | Listed | $825,000 | |
| Listed | |||
| | |||
|
Make this spacious and updated two bedroom and two bathroom apartment at Galen Breakers yours! The oversized dining and living area spill over to an enclosed private balcony. Being a corner unit gives the apartment an additional wall of floor to ceiling windows; bringing in tons of natural light. Large master bedroom with en suite bathroom and large walk-in closet. Galen Breakers is a well-run, boutique building located in a great location, right across the street from the beach. Schools, shopping, dining and The Village Green are all just a short walk away. The building has a heated pool, BBQ area, party room and bike storage.
| |||
| May 19, 2021 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/15/2021
|
2 Bed
|
2 Bath
|
1325 ft²
|
$649,000
2 Bed
2 Bath
1325 ft²
|
$625,000
-3.70%
06/25/2021
|
Angela Ocampo
BHHS EWM Realty
| |
|
02/07/2021
|
2 Bed
|
2 Bath
|
1325 ft²
|
$590,000
2 Bed
2 Bath
1325 ft²
|
-
-
|
Brigitte De Langeron
Fortune International Realty
| |
|
12/06/2020
|
2 Bed
|
2 Bath
|
1325 ft²
|
$500,000
2 Bed
2 Bath
1325 ft²
|
$460,000
-8.00%
05/19/2021
|
Virginia Lattanzi
KB Realty
| |
|
05/19/2020
|
2 Bed
|
2 Bath
|
1325 ft²
|
$499,000
2 Bed
2 Bath
1325 ft²
|
-
-
|
Angela Ocampo
BHHS EWM Realty
| |
|
04/04/2020
|
2 Bed
|
2 Bath
|
-
|
$499,000
2 Bed
2 Bath
|
-
-
|
Virginia Lattanzi
KB Realty
| |
|
02/18/2020
|
2 Bed
|
2 Bath
|
1325 ft²
|
$599,000
2 Bed
2 Bath
1325 ft²
|
-
-
|
David Deleon
Douglas Elliman
| |
|
03/18/2019
|
3 Bed
|
2 Bath
|
1325 ft²
|
$585,000
3 Bed
2 Bath
1325 ft²
|
-
-
|
Luis Urcuyo
Beachfront Realty Inc
| |
|
07/25/2019
|
2 Bed
|
2 Bath
|
1325 ft²
|
$499,000
2 Bed
2 Bath
1325 ft²
|
-
-
|
Virginia Lattanzi
KB Realty
| |
|
10/14/2018
|
2 Bed
|
2 Bath
|
1325 ft²
|
$465,000
2 Bed
2 Bath
1325 ft²
|
-
-
|
Elena Iturriaga
Arch Realty Inc
| |
|
06/19/2018
| |
2 Bed
|
2 Bath
|
1325 ft²
|
-
2 Bed
2 Bath
1325 ft²
|
-
-
|
-
|
|
06/19/2018
|
2 Bed
|
2 Bath
|
1325 ft²
|
-
2 Bed
2 Bath
1325 ft²
|
-
-
|
-
| |
|
07/30/2017
| |
2 Bed
|
2 Bath
|
1325 ft²
|
-
2 Bed
2 Bath
1325 ft²
|
-
-
|
-
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017