1004 MONTEREY DRIVE
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 |
|---|---|---|---|
| Dec 12, 2025 | Sold | ||
| Sold | |||
| Nov 25, 2025 | In contract | - | |
| In contract | |||
| Nov 20, 2025 | Listed by MORRIS REALTY AND INVESTMENTS | $499,000 | |
| Listed by MORRIS REALTY AND INVESTMENTS | |||
| Nov 4, 2025 | Price Decreased |
$499,000
↓ $11K
(2.2%) | |
| Price Decreased | |||
| Oct 23, 2025 | Listed | $510,000 | |
| Listed | |||
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Welcome to this stunning waterfront home on the canal, perfectly designed for comfort and relaxation! This completely renovated beauty offers 4 bedrooms, 2 bathrooms, plus a flex room that can easily serve as a 5th bedroom or home office. Enjoy the brand-new kitchen with modern cabinetry, sleek countertops, and stainless-steel appliances, along with updated bathrooms, new flooring, windows, and elegant light fixtures throughout. Step outside to a covered backyard porch, ideal for entertaining or enjoying peaceful canal views. Private dock ready for your boat—just hop on and cruise straight to the lake! Move-in ready and located in a highly desirable area close to shopping, dining, and schools. This one has it all—modern upgrades, waterfront living, and an unbeatable location!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017