707 Ocean Boulevard #UNIT2
About This Property
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Cap Rate Calculator
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%.
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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 5, 2021 | Sold | ||
| Sold | |||
| Jun 18, 2021 | Listed by Ruffner Real Estate, LLC | $725,000 | |
| Listed by Ruffner Real Estate, LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/30/2025
|
2 Bed
|
1 Bath
|
1524 ft²
|
$799,900
2 Bed
1 Bath
1524 ft²
|
$799,900
12/05/2025
|
Lauren Stone
Carey Giampa, LLC/Rye
| |
|
06/18/2021
|
2 Bed
|
2 Bath
|
1524 ft²
|
$725,000
2 Bed
2 Bath
1524 ft²
|
$725,000
11/12/2021
|
Florence Ruffner
Ruffner Real Estate, LLC
| |
|
01/09/2018
|
2 Bed
|
2 Bath
|
1542 ft²
|
$539,500
2 Bed
2 Bath
1542 ft²
|
$539,000
-0.09%
03/30/2018
|
Marci Francis
Keller Williams Coastal Realty
| |
|
04/06/2015
|
2 Bed
|
2 Bath
|
1524 ft²
|
$515,000
2 Bed
2 Bath
1524 ft²
|
$497,000
-3.50%
09/11/2015
|
Donna Desrosiers
Bean Group / Portsmouth
| |
|
05/24/2013
|
2 Bed
|
2 Bath
|
1366 ft²
|
$489,000
2 Bed
2 Bath
1366 ft²
|
$473,000
-3.27%
10/30/2013
|
MaryJane Watterson
Carey & Giampa, LLC/Hampton
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017