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13235 Binnacle Way
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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 |
|---|---|---|---|
| Oct 10, 2026 | In contract | - | |
| In contract | |||
| Sep 29, 2026 | Listed by RE/MAX Leading Edge | $1,875,000 | |
| Listed by RE/MAX Leading Edge | |||
| May 8, 2023 | Sold | ||
| Sold | |||
| Mar 30, 2023 | Listed by Redfin Corporation | $1,275,000 | |
| Listed by Redfin Corporation | |||
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Gorgeous home with multiple balconies right on the water! First-floor entry has room to store all your beach and fishing gear w/ garage and covered parking access. Second-floor living is bright and open with lots of natural light through plantation shutters on all windows and outside doors. Kitchen features a breakfast bar as well as a breakfast room and dining room to ensure everyone has a seat. Front balcony faces the neighborhood while the back balcony is spacious enough for a dining set and has beautiful water views! Primary bedroom has an en-suite bath with dual sinks and balcony on the waterside. Another bedroom is big enough for bunks or double beds! The third floor has another large bedroom w/ a private balcony and second bedroom that shares a full bath close by. Straight out the back door is a large deck that goes over the water with covered space, perfect for grilling and enjoying a cool Texas evening - Boat dock with lift is below.! This is on-the-water living at its finest!
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About Pirates Cove
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$4,200 /mo
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$2,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017