605 Ocean Dr #8M
About This Property
The manager has listed the unit size as 1772 square feet.
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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 |
|---|---|---|---|
| Oct 29, 2020 | Sold | ||
| Sold | |||
| Oct 11, 2019 | No longer available | - | |
| No longer available | |||
| Sep 2, 2019 | Listed | $1,550,000 | |
| Listed | |||
| Aug 31, 2019 | No longer available | - | |
| No longer available | |||
| Jun 6, 2019 | Price Decreased |
$1,599,000
↓ $51K
(3.1%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/24/2021
|
3 Bed
|
3 Bath
|
1772 ft²
|
$1,700,000
3 Bed
3 Bath
1772 ft²
|
-
-
|
Claudine Coto
One Sotheby's International Realty
| |
|
04/21/2021
|
3 Bed
|
3 Bath
|
1772 ft²
|
$1,790,000
3 Bed
3 Bath
1772 ft²
|
$1,750,000
-2.23%
06/22/2021
|
Teddy Mohlman Palomo
Keller Williams Miami Beach Realty
| |
|
09/02/2019
|
3 Bed
|
3 Bath
|
1772 ft²
|
$1,550,000
3 Bed
3 Bath
1772 ft²
|
-
-
|
Jose Zuluaga
Related ISG International Realty
| |
|
04/08/2019
|
3 Bed
|
3 Bath
|
1772 ft²
|
$1,500,000
3 Bed
3 Bath
1772 ft²
|
-
-
|
Claudine Coto
One Sotheby's International Realty
| |
|
12/06/2018
|
3 Bed
|
3 Bath
|
1772 ft²
|
$1,765,000
3 Bed
3 Bath
1772 ft²
|
-
-
|
Jose Zuluaga
Related ISG International Realty
| |
|
06/19/2018
| |
3 Bed
|
3 Bath
|
1772 ft²
|
-
3 Bed
3 Bath
1772 ft²
|
-
-
|
-
|
|
10/15/2018
|
3 Bed
|
3 Bath
|
1772 ft²
|
$1,795,000
3 Bed
3 Bath
1772 ft²
|
-
-
|
Thania Vernon
Fortune International Realty Key Biscayne Inc
| |
|
04/10/2015
|
3 Bed
|
3 Bath
|
2000 ft²
|
$1,689,000
3 Bed
3 Bath
2000 ft²
|
$1,569,000
-7.10%
06/16/2015
|
Cliff Glansen
FLATFEE.COM
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017