581 Ocean Boulevard #12
About This Property
Payment Calculator (Computations Provided by RealtyHop)
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Aug 25, 2021 | Sold | ||
| Sold | |||
| Jul 9, 2021 | Listed by Carey Giampa, LLC/Rye | $714,900 | |
| Listed by Carey Giampa, LLC/Rye | |||
| | |||
|
Entirely renovated luxury condo across the street from amazing North Beach with direct views of the ocean and marsh from each level. Two gas fireplaces, three decks, hardwood throughout the condo and freshly painted. Open concept living area with brand new custom kitchen offering quartz countertops, Jennair appliances including microwave drawer, oversized fridge, 6 burners chef gas stove, and a beverage cooler. Main level includes a private deck for dining with marsh views and a unique 2 story solarium with ocean, pool and hot tub views. 2 large bedrooms on the 2nd level, with ocean and marsh views from the deck and solarium. The 3rd level is a master suite overlooking the ocean with stunning vaulted ceilings, gas fireplace, and a private deck to enjoy sunsets from your bed! 2 car garage and a separate large storage area attached to it. Direct access to the sandy North Beach entry across the street. Pets allowed with board approval 30 lb limit.
| |||
| May 7, 2021 | Sold | ||
| Sold | |||
| Mar 24, 2021 | Listed by The Gove Group Real Estate, LLC | $674,900 | |
| Listed by The Gove Group Real Estate, LLC | |||
| Aug 24, 2018 | Sold | ||
| Sold | |||
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