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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%.
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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.
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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 14, 2026 | Sold | ||
| Sold | |||
| Apr 1, 2026 | In contract | - | |
| In contract | |||
| Feb 17, 2026 | Price Decreased |
$679,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Dec 4, 2025 | Listed by LoKation | $689,000 | |
| Listed by LoKation | |||
| | |||
|
Discover a truly unique lakefront lifestyle at this 3-bedroom, 3-bath residence where every space is designed for relaxation, entertainment, and waterfront enjoyment. A peaceful Cul-de-sac, this home sits on a pie-shaped lot offering panoramic views. Step outside and experience one of the most impressive backyards in the area. Features a resort-style backyard with a pool, tiki hut, dock, covered grilling station, outdoor bar, deck, and access to kayaking on the lake. Bright open-concept kitchen/living area with granite counters, wood cabinets, large walk-in pantry, a dedicated coffee bar area adds a charming, functional touch for daily comfort and spacious primary suite and split floor plan. GYM Room + shed provides excellent storage. Metal roof 2021, HVAC 2019, tankless water heater 2020.
| |||
| Nov 12, 2025 | Price Decreased |
$690,000
↓ $40K
(5.5%) | |
| Price Decreased | |||
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About Margate Gardens
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,300 /mo
- 2 Beds
- 2 Baths
- 1,112 ft²
$3,000 /mo
- 3 Beds
- 3 Baths
- 1,620 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017