935 Mandalay Beach Road
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 |
|---|---|---|---|
| Jun 10, 2020 | Sold | ||
| Sold | |||
| Nov 5, 2019 | Listed by Coldwell Banker Realty | $5,500,000 | |
| Listed by Coldwell Banker Realty | |||
| Mar 21, 2013 | Sold | ||
| Sold | |||
| Nov 3, 2012 | Listed by Coldwell Banker Realty | $2,195,000 | |
| Listed by Coldwell Banker Realty | |||
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A quintessential beach house ideal for making memories! Unlike anything else on the market, the home exudes charm, with many possibilities for entertaining and relaxing. An oceanfront deck offers spectacular views of the surf and sand. Enjoy the spacious courtyard (w/ hot water shower & gated beach access) for evenings on the Trex deck, dining al fresco or stargazing from the hot tub. The open kitchen has granite counters, a breakfast bar and ocean views. Upstairs, the master is a romantic retreat with a free standing tub, wet bar, balcony and forever views to the Channel Islands and beyond. There are two additional upstairs bedrooms, plus a downstairs den that doubles as a guest room. A detached rec room/guest unit has a kitchen, bath and ocean views. Ask about the deep lot, private beach gate on North side of the property, land to the South. Main house renovated in 2004 w/seismic bracing + new: flooring, kitchen, baths.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017