817 Ocean Trail #C
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 |
|---|---|---|---|
| Jan 30, 2023 | No longer available | - | |
| No longer available | |||
| Oct 31, 2022 | Listed | $375,000 | |
| Listed | |||
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Avoid an expensive buildout, furniture, fixture and equipment costs with this turnkey well designed and appointed existing restaurant space! Now is the time to bring your tasty menu to the beach and serve the hundreds of thousands of vacationers on the Outer Banks each year! Someone has to live in paradise, why not you?! There are approximately 65 seats in the restaurant including bar seating. There is a takeout area with a pickup window in the courtyard, dining room, HUGE BAR, a well-appointed kitchen with a commercial dishwasher, hood etc..., a wait stand, small office, two restrooms, and a walk-in located behind the unit. Take advantage of the courtyard location by adding additional out-door seating. Customers will love enjoying the beautiful OBX weather with their food and beverages! Sellers are investment owners and based on the asking price, ready to sell! Take advantage of this opportunity now! This location can thrive with a good menu and owner operators closely involved with marketing the business. After many years of ownership, the sellers' preference is to sell the location but are willing to offer the space for lease with a minimum two or three-year term, see separate lease listing (MLS#120708). See furniture, fixtures & equipment available for use in associated docs.
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| Sep 2, 2022 | No longer available | - | |
| No longer available | |||
| Jun 10, 2022 | Relisted | $419,000 | |
| Relisted | |||
| Jun 7, 2022 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
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10/31/2022
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Loft
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-
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-
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$375,000
Loft
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Joe Staten
Sun Realty - Duck
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03/25/2022
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Loft
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-
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-
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$429,000
Loft
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Kate Harrell
Harrell & Associates
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03/07/2020
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Loft
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-
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$1,162,500
Loft
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Jim Allman
Re/Max Ultra
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017