581 Ocean Blvd #1
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%.
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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.
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 |
|---|---|---|---|
| Jun 2, 2022 | Sold | ||
| Sold | |||
| May 18, 2022 | Listed by Non Member Office | $813,000 | |
| Listed by Non Member Office | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/23/2024
|
3 Bed
|
3 Bath
|
1604 ft²
|
$899,900
3 Bed
3 Bath
1604 ft²
|
$710,000
-21.10%
03/07/2025
|
Lauren Stone
Carey Giampa, LLC/Rye
| |
|
05/18/2022
|
3 Bed
|
3 Bath
|
1493 ft²
|
$813,000
3 Bed
3 Bath
1493 ft²
|
$830,000
+2.09%
06/02/2022
|
Kathryn Early
Coco, Early & Associates
| |
|
03/24/2021
|
3 Bed
|
2 Bath
|
1763 ft²
|
$674,900
3 Bed
2 Bath
1763 ft²
|
$700,000
+3.72%
05/07/2021
|
Kathryn Ahlin
The Gove Group Real Estate, LLC
| |
|
10/01/2020
|
3 Bed
|
2 Bath
|
1531 ft²
|
$459,000
3 Bed
2 Bath
1531 ft²
|
$450,000
-1.96%
03/30/2021
|
Maryrae Preston
Preston Real Estate
| |
|
09/13/2020
|
3 Bed
|
2 Bath
|
1604 ft²
|
$549,900
3 Bed
2 Bath
1604 ft²
|
$520,000
-5.44%
12/04/2020
|
Lauren Stone
Carey Giampa, LLC/Rye
| |
|
07/30/2020
|
3 Bed
|
2 Bath
|
1615 ft²
|
$575,000
3 Bed
2 Bath
1615 ft²
|
$115,533
-79.91%
10/15/2020
|
Lauren Stone
Carey Giampa, LLC/Rye
| |
|
04/08/2020
|
3 Bed
|
2 Bath
|
1727 ft²
|
$599,000
3 Bed
2 Bath
1727 ft²
|
$599,900
+0.15%
05/27/2020
|
Nick Ponte
Carey Giampa, LLC/Rye
| |
|
06/11/2018
| |
3 Bed
|
3 Bath
|
1610 ft²
|
-
3 Bed
3 Bath
1610 ft²
|
-
-
|
-
|
|
05/25/2018
|
3 Bed
|
2 Bath
|
1610 ft²
|
$515,000
3 Bed
2 Bath
1610 ft²
|
$475,000
-7.77%
08/24/2018
|
Lisa Parsons
Carey & Giampa, LLC
| |
|
08/07/2016
|
3 Bed
|
3 Bath
|
1615 ft²
|
$429,000
3 Bed
3 Bath
1615 ft²
|
$420,000
-2.10%
12/22/2016
|
Lisa Parsons
Carey & Giampa, LLC
| |
|
06/25/2016
|
3 Bed
|
2 Bath
|
1763 ft²
|
$569,000
3 Bed
2 Bath
1763 ft²
|
$505,000
-11.25%
11/01/2016
|
Patrick Carey
Carey Giampa, LLC/Seabrook Beach
| |
|
05/13/2016
|
3 Bed
|
3 Bath
|
1606 ft²
|
$359,900
3 Bed
3 Bath
1606 ft²
|
$340,000
-5.53%
09/30/2016
|
Sandy Lally
Carey & Giampa REALTORS®
| |
|
03/31/2016
|
3 Bed
|
3 Bath
|
1615 ft²
|
$399,900
3 Bed
3 Bath
1615 ft²
|
$392,500
-1.85%
05/06/2016
|
Lauren Stone
Carey Giampa, LLC/Rye
| |
|
09/18/2015
|
3 Bed
|
3 Bath
|
1727 ft²
|
$399,900
3 Bed
3 Bath
1727 ft²
|
$400,000
+0.03%
10/30/2015
|
Lauren Stone
Carey Giampa, LLC/Rye
| |
|
07/23/2015
|
3 Bed
|
3 Bath
|
1615 ft²
|
$379,000
3 Bed
3 Bath
1615 ft²
|
$359,000
-5.28%
09/03/2015
|
Sandy Lally
Carey & Giampa REALTORS®
| |
|
06/20/2015
|
3 Bed
|
2 Bath
|
1590 ft²
|
$399,900
3 Bed
2 Bath
1590 ft²
|
$375,000
-6.23%
09/15/2015
|
Lauren Stone
Carey Giampa, LLC/Rye
| |
|
10/17/2014
|
3 Bed
|
2 Bath
|
-
|
$349,000
3 Bed
2 Bath
|
$337,000
-3.44%
06/15/2015
|
Maryrae Preston
Preston Real Estate
| |
|
07/15/2014
|
3 Bed
|
3 Bath
|
1590 ft²
|
$395,000
3 Bed
3 Bath
1590 ft²
|
$372,500
-5.70%
02/05/2015
|
Lauren Stone
Carey Giampa, LLC/Rye
| |
|
06/12/2014
|
3 Bed
|
3 Bath
|
1590 ft²
|
$349,000
3 Bed
3 Bath
1590 ft²
|
$340,000
-2.58%
10/03/2014
|
Darlene Dolan
RE/MAX On the Move/Hampton
| |
|
06/10/2014
|
3 Bed
|
3 Bath
|
1615 ft²
|
$395,000
3 Bed
3 Bath
1615 ft²
|
$380,000
-3.80%
07/25/2014
|
Peggy Bean
Bean Group/ Stratham
| |
|
02/20/2014
|
3 Bed
|
3 Bath
|
1615 ft²
|
$365,000
3 Bed
3 Bath
1615 ft²
|
$362,000
-0.82%
04/14/2014
|
Matt Ajemian
Granite Coast Realty
| |
|
05/04/2013
|
3 Bed
|
3 Bath
|
1615 ft²
|
$299,900
3 Bed
3 Bath
1615 ft²
|
$288,000
-3.97%
12/06/2013
|
Lauren Stone
Carey Giampa, LLC/Rye
| |
|
02/07/2013
|
3 Bed
|
3 Bath
|
1727 ft²
|
$379,900
3 Bed
3 Bath
1727 ft²
|
$345,000
-9.19%
05/17/2013
|
Sharon MacPherson
RE/MAX On the Move/Hampton
| |
|
06/01/2012
|
3 Bed
|
3 Bath
|
1615 ft²
|
$359,900
3 Bed
3 Bath
1615 ft²
|
$330,000
-8.31%
07/24/2012
|
Lauren Stone
Carey Giampa, LLC/Rye
| |
|
01/26/2011
|
3 Bed
|
3 Bath
|
1590 ft²
|
$349,000
3 Bed
3 Bath
1590 ft²
|
$325,000
-6.88%
01/22/2013
|
Sally Cote
Keller Williams - Greater Newburyport
| |
|
12/28/2004
|
3 Bed
|
2 Bath
|
1600 ft²
|
$489,000
3 Bed
2 Bath
1600 ft²
|
$465,000
-4.91%
04/22/2005
|
Richard Marceau
Carey & Giampa, LLC
| |
|
07/01/2000
|
3 Bed
|
3 Bath
|
2876 ft²
|
$263,000
3 Bed
3 Bath
2876 ft²
|
$257,000
-2.28%
06/21/2001
|
Paula Tuttle
Moore-Tuttle and Company LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017