701 Cedar Avenue
About This Property
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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.
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 |
|---|---|---|---|
| Nov 23, 2020 | Sold | ||
| Sold | |||
| May 23, 2020 | Listed by Red Door Realty Group | $678,900 | |
| Listed by Red Door Realty Group | |||
| | |||
|
Charming colonial in the ''Library Section'' of Point Pleasant Beach. This home features five bedrooms, eat in kitchen. First floor bedroom, with bamboo flooring can be potential in-law suite. 2 car garage. Large fenced in private yard.
Per owner, no Flood Insurance Required.
Room sizes are approximate. Close to beach, shopping & restaurants. Adults only for initial showing and masks are required for all who enter residence. A second showing for additional family members can be scheduled for interested parties.
| |||
| Aug 22, 2012 | Sold | ||
| Sold | |||
| Jan 19, 2012 | Listed by RE/MAX Bay Point Realtors | $499,000 | |
| Listed by RE/MAX Bay Point Realtors | |||
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About Point Pleasant Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017