8 5th Place
About This Property
The spacious bedroom offers a peaceful retreat, featuring cozy finishes and dual walk-in closets. The condo also includes a well-appointed bathroom, making it a perfect space for a single resident or couple seeking comfort and tranquility by the sea. Located in the prime downtown area, this oceanfront condo is just minutes away from the Queen Mary and a short bike ride to Shoreline Village, local shops, dining, and outdoor activities, yet tucked away for ultimate privacy and relaxation. This property provides the perfect blend of convenience. The unit comes with its own underground parking space and storage. Fully remodeled and all new copper plumbing and all new electrical with a newly installed air filtration system.
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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 |
|---|---|---|---|
| Apr 11, 2025 | Sold | ||
| Sold | |||
| Feb 21, 2025 | Listed by eXp Realty of California Inc | $650,000 | |
| Listed by eXp Realty of California Inc | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/21/2025
| |
1 Bed
|
1 Bath
|
973 ft²
|
$650,000
1 Bed
1 Bath
973 ft²
|
$650,000
04/11/2025
|
Kimberly Miramontes
eXp Realty of California Inc
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017