968 Ocean Boulevard
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%.
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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.
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 |
|---|---|---|---|
| Nov 20, 2017 | Sold | ||
| Sold | |||
| Sep 2, 2017 | Listed | $1,450,000 | |
| Listed | |||
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'Just the right size,' beautifully renovated beach house...at the southern end of Plaice Cove Beach! This charming, Cape-style home is perched above the sand, protected by the bold outcropping at Godfreys Ledge, a massive granite seawall and motorized storm shutters. An ideal property for beach lovers seeking respite from a busy life, yet desiring space to entertain...it's a manageable home that doesn't require a staff to maintain. Live a lifestyle that allows you to enjoy the simple pleasures of immersing yourself in a spellbinding novel (in a beach chair on the sand or private outdoor spaces: lawn, patio, deck, balcony)...preparing meals with fresh, local ingredients for yourself or 30 of your favorite people in a beautiful, efficient cook's kitchen...and, when feeling adventurous, hopping on a paddleboard to explore the coast...the choice is yours! Inside, the main living area is light and airy, with a flexible, open-concept layout and walls of glass that frame panoramic views of the ocean. It's a magnificent setting to behold sunrise, moonrise, summer fireworks and the curvature of the earth. Interior delights include radiant heat, gas fireplace, butler's pantry, 1st floor guest room (a perfect home office), 2nd floor laundry, 2 stunning bathrooms, a cedar closet...plus an oversized 2-car garage, off-street parking for 10 vehicles, basement storage, security system, automatic generator and more. Bonus: opportunity to keep your boat on a mooring within view of your home! The manager has listed the unit size as 1900 square feet.
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| Aug 8, 2017 | Listed by Tate & Foss Sotheby's International Rlty | $1,450,000 | |
| Listed by Tate & Foss Sotheby's International Rlty | |||
| Jul 5, 2000 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017