8 Danby Place
About This Property
This rare opportunity allows you to design and build your very own beachfront retreat, tailored to your unique vision and desires. With direct access to the beach and unobstructed ocean views, this location is ideal for those who cherish the beauty and serenity of the sea. Not only does this property offer the ultimate oceanfront experience, but it is also perfectly positioned within the charming Point Pleasant Beach town. Centrally located right in the middle of the north and south end of Point Pleasant Beach. Enjoy all that PPB has to offer with Jenkinson's, restaurants, and a variety of recreational activities.
This is an unparalleled opportunity to own a slice of paradise on the renowned Point Pleasant Beach Boardwalk.
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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 |
|---|---|---|---|
| Dec 6, 2023 | Sold | ||
| Sold | |||
| Oct 7, 2023 | Listed by Heritage House Sotheby's International Realty | $850,000 | |
| Listed by Heritage House Sotheby's International Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017