690 N Ocean Avenue
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 |
|---|---|---|---|
| Apr 25, 2024 | Sold | ||
| Sold | |||
| Mar 4, 2024 | In contract | - | |
| In contract | |||
| Feb 1, 2024 | Listed by Douglas Elliman Real Estate | $535,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Celebrate being home in this beautifully updated three bedroom ranch with one car garage. This charming and newly renovated home boasts brand new kitchen with stainless steel appliances, beautiful subway tile, ample storage and counter space & bright skylight. Dining area with huge sliders to your private deck. Oversized updated bathroom. Master bedroom with dual closets from floor to ceiling. Two additional large bedrooms. Finished basement with epoxy flooring, cedar closet and an unfinished area for storage. New roof, siding, flooring, recessed lighting and new windows throughout. Amazingly short drive into the heart of Patchogue for entertainment and dining. The location is perfect - close to LIRR, ferries to fire island, docks and beaches. Don't wait, this opportunity will go quickly!
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| Jan 25, 2024 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017