116 8th Avenue
About This Property
The first floor showcases an open-concept layout featuring a gourmet kitchen with expansive pantry, spacious dining area, and a stunning living room with a gas see-through fireplace that connects to a cozy sitting room. A first-floor bedroom, full bath, and additional half bath provide flexibility for guests or extended family.
The second floor offers 5 generously sized bedrooms, including a primary suite with private ensuite bath, plus two Jack & Jill bathrooms. A convenient second-floor laundry room and two oversized alcoves--one ideal for a lounge/TV space with daybed and the other perfect for a game or dining table for eight--create additional living and entertaining areas.
Retreat to the third-floor primary suite featuring a private ensuite, balcony with a peek of the ocean, and an additional versatile bonus room ideal for a gym, office, or extra sleeping space.
Step outside to your backyard oasis with a heated saltwater pool, perfect for relaxing after a day at the beach.
A rare opportunity to own a newer construction home in an unbeatable beachside location--this is coastal living redefined!
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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 |
|---|---|---|---|
| Sep 15, 2026 | Sold | ||
| Sold | |||
| Jun 19, 2026 | In contract | - | |
| In contract | |||
| May 22, 2026 | Price Decreased |
$3,190,000
↓ $310K
(8.9%) | |
| Price Decreased | |||
| May 8, 2026 | Listed by Coldwell Banker Realty | $3,499,999 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017