603 B STREET
About This Property
Inside, the bathrooms have been updated, hardwood floors run through many of the rooms, the dishwasher was replaced about two years ago, the GE washer is just a few months old, and the Whirlpool dryer was replaced within the last two years. The 25-year roof and exterior siding were replaced about 12 years ago, and the windows have been upgraded. The chimney was recently evaluated and serviced.
The oil tank and furnace are located in the lower level. At the front of the lot, the well head and pump were replaced about three months ago, and the system was flushed at that time. A newer bladder tank is in place. The septic system, located in the backyard, was last pumped about a year ago.
Chelsea Beach Residents' Association is a voluntary community association with water-privileges. It offers residents access to sandy beaches, boat ramps, and the scenic Magothy River. It's a welcoming neighborhood with a great balance of recreation and relaxation.
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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.
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 |
|---|---|---|---|
| Oct 1, 2025 | Sold | ||
| Sold | |||
| Aug 31, 2025 | In contract | - | |
| In contract | |||
| Aug 23, 2025 | Listed by Long & Foster Real Estate, Inc. | $435,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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About Lake Shore
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017