605 Spruce Street
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%.
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 |
|---|---|---|---|
| Dec 19, 2025 | Sold | ||
| Sold | |||
| Nov 21, 2025 | In contract | - | |
| In contract | |||
| Oct 28, 2025 | Listed by VRI Homes | $679,000 | |
| Listed by VRI Homes | |||
| Sep 24, 2025 | Listed | $719,900 | |
| Listed | |||
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Coastal living meets modern comfort in this beautifully updated home located on a quiet street directly across from a peaceful open space park. This 4-bedroom, 2-bathroom gem was completely remodeled in 2013, featuring gleaming hardwood floors, new windows, upgraded kitchen and bathrooms, and a new above-ground pool—perfect for summer fun. In 2018, the home was lifted to meet state elevation requirements, offering peace of mind and enhanced structural integrity. The home has been freshly painted again now, adding a bright, clean feel throughout. On the lower level, you'll find the ultimate rock-and-roll inspired party hangout, complete with new sliding doors that lead to the yard—ideal for entertaining. The main floor has a bedroom, and a bonus room there offers endless possibilities: formal dining, home theater, office, playroom, or creative studio. Upstairs, the main bedroom provides tranquil bay views! Huge wrap around open terrace invites you to enjoy both sunrise and sunset, accompanied by the refreshing ocean breeze. Just a 5-7 minute stroll takes you to the newly restored township beach, where you'll enjoy panoramic views of the New York City skylinea rare and stunning backdrop. Top-rated schools with school choice options make this a smart investment for families, while beach lovers, creatives, and anyone seeking an escape will fall in love with the charm of this hidden gem on the Jersey Shore. With the perfect balance of location, upgrades, and lifestyle, this may be one of the last truly affordable seaside communities left. Don't miss your chance to live where others vacation!
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| Jul 27, 2025 | Listed | $749,999 | |
| Listed | |||
| | |||
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Coastal living meets modern comfort in this beautifully updated home located on a quiet street directly across from a peaceful open space park. This 4-bedroom, 2-bathroom gem was completely remodeled in 2013, featuring gleaming hardwood floors, new windows, upgraded kitchen and bathrooms, and a new above-ground pool—perfect for summer fun. In 2018, the home was lifted to meet state elevation requirements, offering peace of mind and enhanced structural integrity. The home has been freshly painted again now, adding a bright, clean feel throughout. On the lower level, you'll find the ultimate rock-and-roll inspired party hangout, complete with new sliding doors that lead to the yard—ideal for entertaining. The main floor has a bedroom, and a bonus room there offers endless possibilities: formal dining, home theater, office, playroom, or creative studio. Upstairs, the main bedroom provides tranquil bay views! Huge wrap around open terrace invites you to enjoy both sunrise and sunset, accompanied by the refreshing ocean breeze. Just a 5-7 minute stroll takes you to the newly restored township beach, where you'll enjoy panoramic views of the New York City skylinea rare and stunning backdrop. Top-rated schools with school choice options make this a smart investment for families, while beach lovers, creatives, and anyone seeking an escape will fall in love with the charm of this hidden gem on the Jersey Shore. With the perfect balance of location, upgrades, and lifestyle, this may be one of the last truly affordable seaside communities left. Don't miss your chance to live where others vacation!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017