116 Hutton Cove #LOT58
About This Property
The main living area brings together the kitchen, dining, and living spaces with direct access to the rear screened porch with gas fireplace creating a functional extension of the home for daily use and entertaining.
The kitchen is designed with a large island, full overlay cabinetry with upper stacked glass display cabinets, upgraded quartz countertops, under-cabinet lighting, and a complete upgraded appliance package.
Upgrades throughout the home include wide plank Medallion engineered wood flooring throughout, Limestone tile flooring in all bathrooms and in laundry room, solid core Shaker doors, cabinetry with soft-close drawers, upgraded quartz countertops throughout. Additional features include pre-wiring for speakers in the living room, kitchen, primary bedroom, and rear porch, CAT6 wiring, a tankless water heater, and a gas stub for a future grill.
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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 |
|---|---|---|---|
| Apr 24, 2026 | Listed by Watersound Real Estate | $1,715,165 | |
| Listed by Watersound Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017