620 BEACH Avenue
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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 |
|---|---|---|---|
| Apr 7, 2023 | Sold | ||
| Sold | |||
| Oct 11, 2022 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE | $5,250,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE | |||
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Wow! This one of a kind, beautiful 4 bedroom, 6 bath estate home sits on 3 originally plotted lots in one of the most amazing locations in Atlantic Beach. Sip your morning coffee from the wrap around owner's suite balcony with ocean views. Enjoy sunset sitting under the covered back porch with views of the pool and spa in the meticulously maintained backyard oasis. The generous living area, perfect for entertaining, opens to the kitchen featuring a butler's pantry, a wine closet, gas cooktop, and sub-zero refrigerator. The living area has a wood burning fireplace and a built in office/study area. There is also a convenient downstairs laundry for quick access as you come from the beach or the pool. There are 7 garage spaces and two driveways. Parking is not a problem here! The upstairs owner's suite delights with ocean views, and a large master bath. The media room is large enough to fit a pool table and offers a wet bar and an en-suite half bath. All of this plus an office for those who work from home. The detached garage was built with the opportunity to add a future garage apartment. As beautiful as this home is on the inside, it is topped by the oasis outside. This home is aesthetically pleasing with the feel of a relaxing beach home. The salt water pool and spa will delight family and guests. After a swim, enjoy the lovely butterfly garden and lavish lawn, or take a short 6 block walk to Beaches Town Center. This home is truly one to see!
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| Jun 2, 2022 | Listed by UNITED REAL ESTATE GALLERY | $5,750,000 | |
| Listed by UNITED REAL ESTATE GALLERY | |||
| Mar 1, 2012 | Sold | ||
| Sold | |||
| Aug 29, 2011 | Listed by UNITED REAL ESTATE GALLERY | $2,050,000 | |
| Listed by UNITED REAL ESTATE GALLERY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017