720 Ocean Avenue #21
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 |
|---|---|---|---|
| Oct 25, 2013 | Sold | ||
| Sold | |||
| Apr 2, 2012 | Listed by Jack Green Realty | $199,000 | |
| Listed by Jack Green Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/11/2025
|
1 Bed
|
1 Bath
|
736 ft²
|
$399,900
1 Bed
1 Bath
736 ft²
|
$370,000
-7.48%
10/17/2025
|
Samantha Vallone
Keller Williams Realty Ocean Living
| |
|
10/26/2023
|
1 Bed
|
1 Bath
|
736 ft²
|
$439,900
1 Bed
1 Bath
736 ft²
|
-
-
|
Samantha Vallone
Keller Williams Realty Ocean Living
| |
|
11/09/2023
|
1 Bed
|
1 Bath
|
736 ft²
|
$434,000
1 Bed
1 Bath
736 ft²
|
-
-
|
Paul Kiernan
RE/MAX Paradigm Realty Group
| |
|
06/06/2020
|
1 Bed
|
1 Bath
|
-
|
$264,000
1 Bed
1 Bath
|
-
-
|
-
| |
|
04/05/2019
|
1 Bed
|
1 Bath
|
-
|
$278,000
1 Bed
1 Bath
|
-
-
|
-
| |
|
02/11/2019
|
1 Bed
|
1 Bath
|
-
|
$224,900
1 Bed
1 Bath
|
$250,000
+11.16%
03/26/2019
|
Robert Dekanski
RE/MAX 1st. Advantage
| |
|
03/02/2015
|
1 Bed
|
1 Bath
|
-
|
$195,000
1 Bed
1 Bath
|
$180,000
-7.69%
05/21/2015
|
Rose Tawil
Brokers 3 Realtors
| |
|
07/17/2012
|
1 Bed
|
1 Bath
|
-
|
$159,900
1 Bed
1 Bath
|
$123,000
-23.08%
02/05/2013
|
Michael Danziger
Option 1 Shore Realty
| |
|
04/02/2012
|
1 Bed
|
1 Bath
|
-
|
$199,000
1 Bed
1 Bath
|
$185,000
-7.04%
10/25/2013
|
John Loffredo
Jack Green Realty
|
Building Info
About Long Branch City
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017