640 Forest Hill Boulevard
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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.
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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 |
|---|---|---|---|
| Mar 11, 2026 | Sold | ||
| Sold | |||
| Jan 21, 2026 | Listed by The Corcoran Group | $550,000 | |
| Listed by The Corcoran Group | |||
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This 4-bedroom, 3-bath residence features impact windows throughout, a large detached garage, and an additional shed, all situated on a double lot just 9 blocks from the Intracoastal. The home offers potential for a mother-in-law suite with a separate entrance, ideal for guests, rental income, or a private home office. Recent improvements include a tankless water heater, A/C (2017), updated electrical, newer Hardie Board (cement fiber) siding, and a rain soft water filtration system installed in 2019. The expansive lot also presents an excellent opportunity to build your dream home. Conveniently located two blocks from the neighborhood park and dog park, with easy access to I-95, PBI Airport, restaurants, entertainment, and the Island of Palm Beach.
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| Jun 14, 2022 | Sold | ||
| Sold | |||
| Mar 25, 2022 | Listed by Southdale Properties Inc. | $499,900 | |
| Listed by Southdale Properties Inc. | |||
| Dec 28, 2018 | Sold | ||
| Sold | |||
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About Forest Ridge Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017