1213 LEXINGTON DRIVE
About This Property
Here in Venice Acres is a remodeled pool home with a 2-car "attached garage", plus a (26x36) 936 sf., 2-car "detached garage" (built in 2018), with separate air-conditioned workshop, and an additional overhead door for your golf cart parking. Now wait, there's more! Once back inside, French doors will bring you out to the large pool area (recently re-screened), with a beautiful pool, patio area, wet bar, and a hot tub. But still not finished, and maybe the best part! At almost 1,200 sf., a separate air-conditioned studio complete with full bathroom, kitchenette, big screen TV, surround sound, desk, and double door vehicle access. Presently, this studio/In Law suite is wide open for entertainment (with no dividing walls making separate bedrooms), but options are there, and you could design your In-Law sweet or multi-room guest house in whatever fashion you choose. Thanks for looking!
P.S... Initial listing has limited pictures. More photos may come, as exterior pics are showing the old roof. Room sizes are close approximate, buyer & buyer's agent to verify.
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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 |
|---|---|---|---|
| Mar 12, 2026 | Sold | ||
| Sold | |||
| Feb 27, 2026 | Listed by BRIGHT REALTY | $1,195,000 | |
| Listed by BRIGHT REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017