Lot 5 Sunset Way
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 |
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| Jul 7, 2026 | Listed by RE/MAX Land & Homes on the Bay | $55,000 | |
| Listed by RE/MAX Land & Homes on the Bay | |||
| Sep 22, 2023 | No longer available | - | |
| No longer available | |||
| Mar 20, 2023 | Listed by RE/MAX Land & Homes on the Bay | $420,000 | |
| Listed by RE/MAX Land & Homes on the Bay | |||
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Are you ready for spectacular water views? This property is sure to please! Nestled in the gated community of Bay Point, this home features 3 bedrooms and two bathrooms upstairs and one bathroom downstairs. Set on Pilings, this home gives you a 360-degree view of the water and various wildlife. Sip coffee while overlooking Chocolate Bay. Open floor plan that features an eat in kitchen, breakfast bar, granite countertops and hardwood floors. This home has solar panel, 500-gallon propane tank, Generac 24KW whole home generator, fenced in yard, and a spacious garage. Just too many great features to mention here. Give me or your agent a call to schedule your private tour. As their motto says, "Where Going Home Feels like You're Getting Away"! The manager has listed the unit size as 1398 square feet.
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| May 15, 2020 | Sold | ||
| Sold | |||
| Feb 24, 2020 | Listed by Keller Williams Hou Preferred | $255,999 | |
| Listed by Keller Williams Hou Preferred | |||
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The home is on 1.06 acres and is built on stilts primarily as a protection against flooding and the shady space under the house can be used for storage, storm windows and a storm door for energy efficiency and security. The home offers an alternative to climbing the outside stairs with an attached outside lift. An Open Front Porch to relax and enjoy the views. The Attached Garage has an adjacent full bathroom and there is a 2nd Attached Garage for storage. The entrance is an open floor plan with wood floors that continues throughout the living room, kitchen and dining area. The kitchen has stainless steel appliances, granite countertops and tile backsplash. A large peninsula that serves as a divider between the kitchen and the living room. The Master En Suite bedroom flooring is berber carpet, a walk in closet, master bathroom flooring is tile, dual vanities, shower and a Laundry room. The 2nd full bathroom has tile flooring, top to bottom tile in the tub/shower area.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017