998 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%.
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 23, 2023 | Sold | ||
| Sold | |||
| May 17, 2023 | Listed by Carey Giampa, LLC/Rye | $1,489,000 | |
| Listed by Carey Giampa, LLC/Rye | |||
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A New England coastal paradise. Perfectly located in the exclusive Plaice Cove community offering easy access to the beach. This entertainer’s oasis boasts the ultimate backyard to enjoy w/family & friends after a day by the sea, complete w/ a saltwater pool- a rare amenity so close to the coast! Soak up the sun on the stone patio, bbq on warm summer nights, or lounge atop one of 1 the 4 decks adorning the property. Enjoy a warm saltwater swim no matter the hour w/ color- changing lights & soothing sounds of the waterfall. Inside, a dramatic entrance w/ opulent tile welcomes you, w/ freshly painted walls, exposed beams & sunlight guiding you into the home. A guest en-suite, patio & impressive garage w/ epoxy flooring complete the 1st floor. Retreat to the tranquil primary en-suite w/ a walk-in closet & private deck. A 3rd BR, bath, flex space & laundry round out the 2nd floor. The 3rd-floor living space is filled w/ gorgeous cherry flooring, vaulted ceilings & a gas fireplace. A separate wet bar, dining area & kitchen complete the 3rd level boasting an oversized Sub Zero fridge, Bosch dishwasher, & Brookhaven cabinetry. No expense has been spared during the thoughtful upgrades made to the home; pool, security system, 6 mini splits, Viessman boiler, Hunter Douglas shades, & more. Irrigation. Come enjoy your summer at the beach & create an unforgettable lifestyle for generations to come along the Atlantic at this breathtaking home.
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| Jan 18, 2023 | No longer available | - | |
| No longer available | |||
| Oct 7, 2022 | Listed by BHG Masiello Hampton | $1,689,000 | |
| Listed by BHG Masiello Hampton | |||
| Aug 18, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017