561 Ocean Boulevard #10
About This Property
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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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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 |
|---|---|---|---|
| Sep 15, 2023 | Sold | ||
| Sold | |||
| Aug 15, 2023 | Listed by Open Concepts Realty | $749,900 | |
| Listed by Open Concepts Realty | |||
| | |||
|
Enjoy watching the sunrise over the ocean and the sunset behind the salt marsh from the comfort of your North Beach oceanfront home. This light and bright, end unit condo offers four seasons of stunning views of the ever changing tide and marsh colors from every level. The first living level offers two bedrooms with ample closet space and their own full bath. The second living level is a jaw dropping crowd pleaser, with stunning views. There is a dining area with the marsh as its backdrop. If you’re in the mood for the sounds of wildlife, enjoy sitting at a bistro table on the back deck where various songbirds will impress you with their morning tunes. The recently renovated, open concept kitchen offers a sizable, granite top island as well as a peninsula for hosting gatherings featuring new appliances including a beer/wine fridge. Between the kitchen and living room there is a convenient half bath. The front facing living room is where relaxation takes over. Enjoy looking out at Boars Head or the Isles of Shoals from the comfort of your favorite chair or the custom built window seat. The third living level offers a great flex space for such things as an artist’s studio, a game room, or even a quiet getaway for reading or writing. The loft walks out to a spacious, private roof deck where you can enjoy your morning coffee with the sound of the surf crashing on the beach rocks or a happy hour after a long day at work. This condo is sure to be your happy place!
| |||
| Jun 30, 2017 | Sold | ||
| Sold | |||
| Mar 22, 2017 | Listed by Bentley By the Sea | $399,000 | |
| Listed by Bentley By the Sea | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/15/2023
|
2 Bed
|
3 Bath
|
1204 ft²
|
$749,900
2 Bed
3 Bath
1204 ft²
|
$749,900
09/15/2023
|
Scott Rafferty
Open Concepts Realty
| |
|
07/29/2021
|
2 Bed
|
2 Bath
|
1204 ft²
|
$499,900
2 Bed
2 Bath
1204 ft²
|
$505,000
+1.02%
09/27/2021
|
Lauren Stone
Carey Giampa, LLC/Rye
| |
|
03/22/2017
|
2 Bed
|
2 Bath
|
1204 ft²
|
$399,000
2 Bed
2 Bath
1204 ft²
|
$399,000
06/30/2017
|
May Soucie
Bentley By the Sea
| |
|
04/02/2015
|
2 Bed
|
1 Bath
|
-
|
$379,900
2 Bed
1 Bath
|
$370,000
-2.61%
06/15/2015
|
Lauren Stone
Carey Giampa, LLC/Rye
| |
|
04/11/2013
|
2 Bed
|
2 Bath
|
1370 ft²
|
$359,900
2 Bed
2 Bath
1370 ft²
|
$352,000
-2.20%
07/19/2013
|
Lauren Stone
Carey Giampa, LLC/Rye
| |
|
09/28/2012
|
2 Bed
|
3 Bath
|
1204 ft²
|
$375,000
2 Bed
3 Bath
1204 ft²
|
$359,900
-4.03%
09/28/2012
|
Darlene Dolan
RE/MAX On the Move/Hampton
| |
|
06/07/2012
|
2 Bed
|
3 Bath
|
1373 ft²
|
$349,000
2 Bed
3 Bath
1373 ft²
|
$342,000
-2.01%
09/28/2012
|
Jim Giampa
Carey Giampa, LLC/Rye
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017