59 Oceanside Drive #59
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| Jun 5, 2023 | Withdrawn | - | |
| Withdrawn | |||
| May 2, 2023 | Listed by RE/MAX Realty Pros | $749,900 | |
| Listed by RE/MAX Realty Pros | |||
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Rare opportunity to purchase this Oceanfront Penthouse unit at desirable Atlantic Hill II. Spectacular ocean views for miles. Listen to the gentle calm sounds of the whispering waves and seagulls chirping. Enjoy the gorgeous photogenic sunrises. Walk to shared private beach and Nantasket Beach. Roof top deck with panoramic views. This Penthouse unit offers the ambiance you have been searching for. Almost totally renovated. Freshly painted and new carpeting. Kitchen with granite counter-tops and stainless steel appliances. No better way to enjoy four seasons. Guest parking available and large storage bin. Perfect second home or retreat home. Elevator in building. 10 minutes to commuter rail, 10 minutes to MBTA bus and a 20 minute ferry trip from Hull to Boston's Long Wharf. SELLER TO PAY ONE YEAR'S CONDO FEE AT CLOSING AT THE $1,066.00 PER MONTH FOR 12 MONTHS.
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| Nov 3, 2020 | Sold | ||
| Sold | |||
| Aug 22, 2020 | Listed by Coldwell Banker Realty - Cambridge | $759,900 | |
| Listed by Coldwell Banker Realty - Cambridge | |||
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Extremely desirable Oceanfront Penthouse with Association Beach. Views of lighthouses, harbor islands and boats from Gloucester to Boston from 3 decks including a rooftop deck. This penthouse unit has been almost totally renovated in the last 2 years. New island kitchen with granite counter-tops, stainless steel appliances. Glass walls in living room and master bedroom with jacuzzi. Living room offers a gas fireplace. Truly a must see and will not last. 10 minutes to commuter rail, 10 minutes to MBTA bus and a 20 minute ferry trip from Hull to Boston's Long Wharf. All of this and garage parking and elevator in building. Elevator to beach.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/02/2023
|
2 Bed
|
3 Bath
|
-
|
$749,900
2 Bed
3 Bath
|
-
-
|
Judy Hemingway
RE/MAX Realty Pros
| |
|
08/22/2020
|
2 Bed
|
3 Bath
|
1505 ft²
|
$759,900
2 Bed
3 Bath
1505 ft²
|
$705,000
-7.22%
11/03/2020
|
Judy Hemingway
RE/MAX Realty Pros
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017