591 Ocean Boulevard #6
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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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 |
|---|---|---|---|
| May 1, 2026 | Sold | ||
| Sold | |||
| May 3, 2025 | Price Decreased |
$699,000
↓ $26K
(3.6%) | |
| Price Decreased | |||
| Apr 6, 2025 | Listed by Madden Group | $725,000 | |
| Listed by Madden Group | |||
| | |||
|
Spectacular views of the Atlantic Ocean, located directly opposite sandy North Beach. This top level condominium features notably beach and ocean views from the east facing deck, and also marsh views from the west-facing balcony, where wildlife abounds, security, an elevator, 2 bedrooms overlooking the marsh and 2 baths. The kitchen features a tiled backsplash and stainless appliances including a brand new Thermador refrigerator. The open concept living/dining and kitchen is perfect for entertaining. There is a pantry closet for extra food storage. Washer and dryer are included. The spacious primary bedroom suite offers a walk-in closet, skylights, oversized tiled shower, and sliders to the deck overlooking the marsh with beautiful sunsets. Additional amenities include: Secured entry, front and back stairways, storage unit on the ground level, an elevator, and 11 parking spaces on site. 2 dogs or 2 cats are allowed. Beach access is just across the street. Airbnb allowed - 7 day minimum. Low condo fees. Don’t miss this opportunity to live at the beach and enjoy fresh sea breezes all summer long!
| |||
| Jul 5, 2024 | Sold | ||
| Sold | |||
| Jun 9, 2024 | In contract | - | |
| In contract | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/06/2025
|
2 Bed
|
1 Bath
|
980 ft²
|
$725,000
2 Bed
1 Bath
980 ft²
|
$675,000
-6.90%
05/01/2026
|
MaryEllen Madden
RE/MAX Rising Tide/Madden Group
| |
|
10/03/2024
|
2 Bed
|
1 Bath
|
986 ft²
|
$549,900
2 Bed
1 Bath
986 ft²
|
$522,000
-5.07%
12/04/2024
|
Lauren Stone
Carey Giampa, LLC/Rye
| |
|
05/14/2024
|
2 Bed
|
2 Bath
|
980 ft²
|
$690,000
2 Bed
2 Bath
980 ft²
|
$690,000
07/05/2024
|
Tom McGuirk
McGuirk Properties, LLC
| |
|
05/22/2018
|
2 Bed
|
2 Bath
|
980 ft²
|
$498,500
2 Bed
2 Bath
980 ft²
|
$477,533
-4.21%
06/28/2018
|
Tom McGuirk
McGuirk Properties, LLC
| |
|
09/30/2017
|
2 Bed
|
2 Bath
|
1102 ft²
|
$399,000
2 Bed
2 Bath
1102 ft²
|
$396,000
-0.75%
11/20/2017
|
Madison Pyburn
Coco, Early & Associates
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017