822 North Drive
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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.
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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 |
|---|---|---|---|
| Jul 11, 2024 | Sold | ||
| Sold | |||
| Jun 16, 2024 | In contract | - | |
| In contract | |||
| May 9, 2024 | Listed by Weichert Realtors-Brick | $2,499,000 | |
| Listed by Weichert Realtors-Brick | |||
| Aug 28, 2023 | Sold | ||
| Sold | |||
| Mar 14, 2023 | Listed by Diane Turton, Realtors-Avon | $1,699,000 | |
| Listed by Diane Turton, Realtors-Avon | |||
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Enjoy this summer where the water meets the sunrise and sunset everyday, where boats cruise by as you float in the pool, and where nighttime fireworks burst against the flames of your firepit. Located in one of the premier lots in the exclusive Princeton Ave section of Brick, this home features an open floor plan with sweeping views of the Barnegat Bay. The kitchen is the centerpiece of the home and opens up to the family room, dining area and living room. High ceilings and big windows grace the home with lots of light and a beautiful breeze throughout the day. The home boasts 3 bedrooms, 2.5 baths, and a fully finished, second floor loft which can easily be converted to a 4th bedroom (see rendering.) The master bedroom ensuite is on the ground floor and offers access to the side yard. Upstairs are 2 bedrooms, 1 with balcony, a full bath, and an expansive open loft area (noted in this listing and shown with photo rendering, as the 4th bedroom). The location and property are ideal with a slightly pie-shaped lot. The home meets flood requirements and does not need to be raised. The exterior cedar shakes and trim are in need of repair. The low-maintenance fiberglass, fresh saltwater pool is surrounded by luxurious, high-end turf just installed 2022. Your kids will love playing on it and you will love the easy maintenance. Location can not be beat...at the point where the Metedekonk River meets the Barnegat Bay and Beaver Dam Creek, there is no need to drive your boat through endless lagoons, just start the engines and untie. A quick drive takes you to the Bay Head or Point Pleasant beaches by car or by boat. You will find it all here, at this beautiful waterfront retreat.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017