565 Esplanade #309
About This Property
This home is on the third floor with beach view from the balcony as well as views of the Esplanade. As you enter the grand entrance of the building you can just about touch the ocean. An elevator will take you to the 3rd floor and just steps away is unit #309. Entering the home, you will see it needs a little TLC. This is the chance to do it your way. The living room is a large room with the balcony attached. Bedroom has a large walk-in closet. Full bath with lots of closets. Earthquake insurance Is included in the HOA along with water, gas, annual pest control, roof, all maintenance outside the unit and others. Owner only pays a small electric bill and internet. This is a Fully Secured building.
The manager has listed the unit size as 717 square feet.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 27, 2023 | No longer available | - | |
| No longer available | |||
| Jul 6, 2023 | In contract | - | |
| In contract | |||
| Jun 22, 2023 | Listed | $699,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/24/2026
|
1 Bed
|
1 Bath
|
718 ft²
|
$850,000
1 Bed
1 Bath
718 ft²
|
$820,000
-3.53%
05/27/2026
|
Theresa Bruno
Vision Realty
| |
|
08/01/2025
|
1 Bed
|
1 Bath
|
862 ft²
|
$1,399,999
1 Bed
1 Bath
862 ft²
|
$1,300,000
-7.14%
10/03/2025
|
Denise O'Neil
O'Neil & Associate Realtors
| |
|
03/13/2024
|
1 Bed
|
1 Bath
|
718 ft²
|
$849,000
1 Bed
1 Bath
718 ft²
|
$849,000
05/23/2024
|
Justin Miller
Beach City Brokers
| |
|
01/27/2024
|
1 Bed
|
1 Bath
|
862 ft²
|
$1,295,000
1 Bed
1 Bath
862 ft²
|
$1,268,500
-2.05%
02/28/2024
|
Justin Miller
Beach City Brokers
| |
|
08/02/2023
|
1 Bed
|
1 Bath
|
724 ft²
|
$899,000
1 Bed
1 Bath
724 ft²
|
$820,000
-8.79%
10/18/2023
|
Justin Miller
Beach City Brokers
| |
|
06/22/2023
|
1 Bed
|
1 Bath
|
717 ft²
|
$699,000
1 Bed
1 Bath
717 ft²
|
-
-
|
John Brunetti
Keller Williams South Bay
| |
|
12/09/2022
|
1 Bed
|
1 Bath
|
718 ft²
|
$795,000
1 Bed
1 Bath
718 ft²
|
$780,000
-1.89%
01/03/2023
|
Justin Miller
Beach City Brokers
| |
|
03/15/2022
|
1 Bed
|
1 Bath
|
717 ft²
|
$879,000
1 Bed
1 Bath
717 ft²
|
$860,000
-2.16%
06/21/2022
|
Cindy Shearin
Strand Hill Christies International Real Estate
| |
|
11/13/2021
|
1 Bed
|
-
|
718 ft²
|
$879,000
1 Bed
-
718 ft²
|
$905,000
+2.96%
12/21/2021
|
Amber Romo
Beach City Brokers
| |
|
10/13/2021
|
1 Bed
|
1 Bath
|
862 ft²
|
$1,199,000
1 Bed
1 Bath
862 ft²
|
$1,249,000
+4.17%
11/12/2021
|
Justin Miller
Beach City Brokers
| |
|
09/03/2021
|
2 Bed
|
2 Bath
|
1047 ft²
|
$975,000
2 Bed
2 Bath
1047 ft²
|
$1,025,000
+5.13%
10/29/2021
|
Michelle Moebius
Keller Williams Beach Cities
| |
|
08/01/2019
|
1 Bed
|
-
|
718 ft²
|
$749,000
1 Bed
-
718 ft²
|
$730,000
-2.54%
10/11/2019
|
Justin Miller
Beach City Brokers
| |
|
07/09/2017
| |
1 Bed
|
1 Bath
|
717 ft²
|
-
1 Bed
1 Bath
717 ft²
|
-
-
|
-
|
|
05/12/2017
|
1 Bed
|
1 Bath
|
717 ft²
|
$520,000
1 Bed
1 Bath
717 ft²
|
$550,000
+5.77%
06/23/2017
|
Dijana (Dee Dee) Harker
Keller Williams Beach Cities
| |
|
03/06/2014
|
1 Bed
|
1 Bath
|
718 ft²
|
$529,000
1 Bed
1 Bath
718 ft²
|
$512,000
-3.21%
04/22/2014
|
Justin Miller
Beach City Brokers
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017