784 Ocean Boulevard #3
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%.
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 6, 2021 | No longer available | - | |
| No longer available | |||
| Jul 8, 2020 | Sold | ||
| Sold | |||
| Jun 6, 2020 | In contract | - | |
| In contract | |||
| May 31, 2020 | Price Decreased |
$356,000
↓ $3K
(0.8%) | |
| Price Decreased | |||
| Mar 25, 2020 | Price Decreased |
$359,000
↓ $10K
(2.7%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/27/2024
|
1 Bed
|
-
|
528 ft²
|
$719,000
1 Bed
-
528 ft²
|
$751,000
+4.45%
07/30/2024
|
Rosalie Andrews
Bean Group / Portsmouth
| |
|
05/06/2024
|
1 Bed
|
1 Bath
|
528 ft²
|
$450,000
1 Bed
1 Bath
528 ft²
|
$449,000
-0.22%
07/03/2024
|
T.J. Potter
Keller Williams Realty-Metropolitan
| |
|
07/15/2021
|
1 Bed
|
1 Bath
|
528 ft²
|
$650,000
1 Bed
1 Bath
528 ft²
|
$625,000
-3.85%
09/03/2021
|
Lisa Parsons
Carey & Giampa, LLC
| |
|
03/16/2020
|
1 Bed
|
1 Bath
|
528 ft²
|
$339,900
1 Bed
1 Bath
528 ft²
|
$318,000
-6.44%
07/02/2020
|
T.J. Potter
Keller Williams Realty-Metropolitan
| |
|
09/10/2019
|
1 Bed
|
1 Bath
|
528 ft²
|
$369,000
1 Bed
1 Bath
528 ft²
|
$347,500
-5.83%
07/08/2020
|
Rosalie Andrews
Bean Group / Portsmouth
| |
|
08/30/2019
|
1 Bed
|
1 Bath
|
528 ft²
|
$339,000
1 Bed
1 Bath
528 ft²
|
-
-
|
-
| |
|
08/29/2018
|
1 Bed
|
1 Bath
|
528 ft²
|
$424,000
1 Bed
1 Bath
528 ft²
|
$412,000
-2.83%
10/09/2018
|
Lisa Parsons
Carey & Giampa, LLC
| |
|
05/03/2018
|
1 Bed
|
1 Bath
|
528 ft²
|
$299,900
1 Bed
1 Bath
528 ft²
|
$299,000
-0.30%
08/30/2018
|
T.J. Potter
Keller Williams Realty-Metropolitan
| |
|
09/02/2017
| |
1 Bed
|
1 Bath
|
528 ft²
|
-
1 Bed
1 Bath
528 ft²
|
-
-
|
-
|
|
06/04/2010
|
1 Bed
|
1 Bath
|
528 ft²
|
$259,000
1 Bed
1 Bath
528 ft²
|
-
-
|
Faye Namazi
FARS Realty Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017