1068 The Old 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 |
|---|---|---|---|
| Aug 28, 2026 | Listed by Compass | $3,150,000 | |
| Listed by Compass | |||
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Aug 1, 2025 | In contract | - | |
| In contract | |||
| Jul 23, 2025 | Listed by Carmel Realty Company | $2,700,000 | |
| Listed by Carmel Realty Company | |||
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Discover this beautifully maintained home featuring almost 2,000 sq. ft. of comfortable living space on a spacious 9,200 sq. ft. lot. Boasting three bedrooms and three full bathrooms, this residence offers ample room for family and guests. Enjoy outdoor dining on the deck, perfect for entertaining or relaxing amidst nature. The property includes a convenient 2-car garage with off-street parking for up to four cars, along with a full house generator for added peace of mind. Remodeled in 2005, this home combines modern updates with timeless charm. Located just a short walk from the MPCC Clubhouse, Shelter, and Ocean, this location provides the perfect blend of convenience and coastal living. Don't miss out on this exceptional opportunity!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017