605 Ocean Boulevard #3
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 |
|---|---|---|---|
| Dec 16, 2024 | Sold | ||
| Sold | |||
| Nov 3, 2024 | In contract | - | |
| In contract | |||
| Oct 22, 2024 | Price Decreased |
$849,000
↓ $46K
(5.1%) | |
| Price Decreased | |||
| Oct 11, 2024 | Listed by Carey Giampa, LLC/Rye | $895,000 | |
| Listed by Carey Giampa, LLC/Rye | |||
| | |||
|
This stunning 3-bedroom penthouse offers the best of both worlds: breathtaking Atlantic Ocean views to the east and peaceful marsh vistas to the west. Whether you’re relaxing in your custom-designed living space or enjoying the fresh air from your expansive outdoor decks, this condo delivers luxury at every turn. The open concept kitchen, dining, and living area is ideal for entertaining, with sliders that invite the ocean breeze inside. Cozy up by the gas fireplace during the off-season and experience year-round comfort. Additional perks include a private two-car garage and convenient elevator access. Don't miss this rare opportunity to live the ultimate beach life – start today
| |||
| Jun 28, 2017 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/13/2026
|
3 Bed
|
2 Bath
|
1656 ft²
|
$749,900
3 Bed
2 Bath
1656 ft²
|
$739,900
-1.33%
09/18/2026
|
Mary Strathern
The Gove Group Real Estate, LLC
| |
|
10/11/2024
|
3 Bed
|
2 Bath
|
1656 ft²
|
$895,000
3 Bed
2 Bath
1656 ft²
|
$825,000
-7.82%
12/16/2024
|
Jim Giampa
Carey Giampa, LLC/Rye
| |
|
09/02/2021
|
3 Bed
|
1 Bath
|
1656 ft²
|
$710,000
3 Bed
1 Bath
1656 ft²
|
$695,000
-2.11%
12/03/2021
|
Joan Kelly
Sterling Stone Real Estate & Co.
| |
|
09/26/2019
|
3 Bed
|
2 Bath
|
1656 ft²
|
$624,900
3 Bed
2 Bath
1656 ft²
|
$590,000
-5.58%
11/15/2019
|
Craig Parker
Zaharias Real Estate
| |
|
04/13/2017
|
3 Bed
|
1 Bath
|
1656 ft²
|
$559,900
3 Bed
1 Bath
1656 ft²
|
$535,000
-4.45%
06/23/2017
|
Lauren Stone
Carey Giampa, LLC/Rye
| |
|
03/11/2017
|
3 Bed
|
2 Bath
|
1656 ft²
|
$599,000
3 Bed
2 Bath
1656 ft²
|
$575,000
-4.01%
06/28/2017
|
Mark Dickinson
RE/MAX On The River
| |
|
01/26/2017
|
3 Bed
|
2 Bath
|
1656 ft²
|
$534,900
3 Bed
2 Bath
1656 ft²
|
$530,000
-0.92%
02/24/2017
|
Erin Proulx
KW Coastal and Lakes & Mountains Realty
| |
|
06/10/2011
|
3 Bed
|
2 Bath
|
1656 ft²
|
$399,900
3 Bed
2 Bath
1656 ft²
|
$375,000
-6.23%
10/01/2012
|
Lauren Stone
Carey Giampa, LLC/Rye
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017