979 Oceanfront #8
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 18, 2023 | Sold | ||
| Sold | |||
| May 30, 2023 | In contract | - | |
| In contract | |||
| Apr 12, 2023 | Price Decreased |
$385,000
↓ $4K
(1%) | |
| Price Decreased | |||
| Mar 14, 2023 | Listed by C21 Verdeschi & Walsh Realty | $389,000 | |
| Listed by C21 Verdeschi & Walsh Realty | |||
| Mar 7, 2022 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/14/2023
|
1 Bed
|
1 Bath
|
-
|
$389,000
1 Bed
1 Bath
|
$365,000
-6.17%
07/18/2023
|
Kathleen Walsh
Petrey West Realty Inc
| |
|
08/24/2022
|
1 Bed
|
1 Bath
|
-
|
$375,000
1 Bed
1 Bath
|
$345,000
-8.00%
11/03/2022
|
Richard D Pollock Jr.
Intuitive Realty
| |
|
01/10/2022
|
1 Bed
|
1 Bath
|
-
|
$325,000
1 Bed
1 Bath
|
$290,000
-10.77%
03/07/2022
|
JoAnn Cilla
Douglas Elliman Real Estate
| |
|
06/19/2018
|
1 Bed
|
1 Bath
|
-
|
$289,900
1 Bed
1 Bath
|
-
-
|
-
| |
|
09/16/2017
|
1 Bed
|
1 Bath
|
-
|
$279,000
1 Bed
1 Bath
|
$270,000
-3.23%
12/01/2017
|
Phyllis Katzen
Beach West Realty Corp
| |
|
07/30/2017
| |
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017