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85 Phillips Beach Ave
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 |
|---|---|---|---|
| Feb 1, 2025 | No longer available | - | |
| No longer available | |||
| Sep 12, 2024 | Listed by J. Barrett & Company | $2,695,000 | |
| Listed by J. Barrett & Company | |||
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Ready for fantastic ocean views, cool ocean breezes, easy beach access or perhaps a dip in your own pool? Welcome to 85 Phillips Beach! Greeted with breathtaking gardens, a circular paver driveway and brand new front steps. Upon entering, one is consumed with an abundance of natural light in the open foyer and formal room w/floor to ceiling windows capturing ocean views. A professionally planned chef's kitchen with bespoke finishes, gorgeous details, & high-end appliances (Wolf, Sub-Zero, etc...) opens to an impressive light-filled family room w/direct access to the pool or large deck. A primary w/views and ensuite that exceeds today's demands. A thoughtful home layout; den/library, laundry, 3+ additional bdrms & potential for 2nd primary suite on main level. Deck, patio, pool, gardens and a fenced yard offer tremendous spaces for outdoor entertaining. Four garage spaces & 8+ off street spots. A wonderful neighborhood and BONUS: across the street-direct access to Phillips Beach!
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| Oct 29, 2014 | Sold | ||
| Sold | |||
| Jul 26, 2004 | Sold | ||
| Sold | |||
| Apr 4, 2004 | Listed | $1,250,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017