7492 Highway 1 #CODE
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%.
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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 |
|---|---|---|---|
| Jun 5, 2026 | Sold | ||
| Sold | |||
| May 9, 2026 | In contract | - | |
| In contract | |||
| May 1, 2026 | Listed by Marge Frego Realty, Inc | $170,000 | |
| Listed by Marge Frego Realty, Inc | |||
| Apr 9, 2025 | Listed | $185,000 | |
| Listed | |||
| | |||
|
!!!!!VERY RARE PIER AND WATERFRONT OPPORTUNITY!!!!! YES, YOU OWN THE BEACH-THE PIER- THE TIKI HUT AND ALL THE FUN OF YOUR OWN PRIVATE ''WATERFRONT PLAYGROUND'', DIRECTLY ON THE INDIAN RIVER. IMAGINE TYING UP YOUR BOAT AFTER A DAY OF FISHING AND STICKING YOUR FEET INTO THE SANDS OF YOUR BEACH, WHILE GRILLING THE CATCH OF THE DAY. THE PIER IS ESTIMATED TO BE 250' FEET INTO THE RIVER, WITH BOAT LIFT (NONE OPERABLE) FOR TWO BOATS. THERE IS AN ONSITE WATER WELL, (NONE OPERABLE) PUMP IS FROZEN. ELECTRICAL CONDUIT RUNNING TO THE BOAT LIFTS, ELECTRICAL CONNECTION NEEDED, BUYER TO VERIFY AND PROVIDE ELECTRICAL CONNECTION. WHAT A GREAT PIECE OF PARADISE FOR DOCKING YOUR BOAT AND EXPERIENCING THE DREAM THAT ONLY ''ROBINSON CRUSOE'' COULD IMAGINE.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/01/2026
|
Studio
|
-
|
300 ft²
|
$170,000
Studio
-
300 ft²
|
$160,000
-5.88%
06/05/2026
|
James Woodhall
Marge Frego Realty, Inc
| |
|
07/10/2023
| |
Loft
|
-
|
-
|
$80,000
Loft
-
|
$80,000
07/26/2023
|
James Woodhall
Marge Frego Realty, Inc
|
|
06/22/2022
| |
Loft
|
-
|
-
|
$60,000
Loft
-
|
$60,000
08/01/2022
|
James Woodhall
Marge Frego Realty, Inc
|
|
10/02/2018
| |
Loft
|
-
|
-
|
$32,900
Loft
-
|
$30,900
-6.08%
12/26/2018
|
Renee Lefebvre
Marge Frego Realty, Inc
|
|
04/01/2016
| |
Loft
|
-
|
-
|
$34,500
Loft
-
|
$32,000
-7.25%
01/31/2017
|
Patricia Hedman
First Choice Properties, Inc.
|
|
10/08/2013
| |
Loft
|
-
|
-
|
$42,500
Loft
-
|
$28,000
-34.12%
03/03/2015
|
Patricia Hedman
First Choice Properties, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017