50
Map
1335 Edwards Drive
About This Property
Inside, the home offers a well-designed and comfortable layout with abundant natural light and water views from multiple areas. The floor plan functions well for everyday living and entertaining, with open yet practical spaces. The surrounding water creates a calm, scenic backdrop throughout the day. Located in an established waterfront community, this property stands out for its setting, thoughtful layout, and move-in-ready condition.
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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 3, 2026 | Sold | ||
| Sold | |||
| Feb 14, 2026 | In contract | - | |
| In contract | |||
| Feb 11, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 10, 2026 | Listed by Priority One Real Estate | $760,000 | |
| Listed by Priority One Real Estate | |||
| Dec 16, 2025 | Listed by Priority One Real Estate | $770,000 | |
| Listed by Priority One Real Estate | |||
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Enjoy a rare waterfront setting with open bay views in front and a canal behind, offering privacy, scenery, and a true coastal lifestyle. This home has been extensively upgraded by the seller with high-impact improvements that add both value and peace of mind, including a in-ground pool and hot tub 2025, roof 2025, HVAC systems 2025, water heater 2025, landscaping 2025, an added full bedroom, and an upgraded boat dock lift. These improvements reflect careful ownership and significantly enhance the home’s overall condition and livability.
Inside, the home offers a well-designed and comfortable layout with abundant natural light and water views from multiple areas. The floor plan functions well for everyday living and entertaining, with open yet practical spaces. The surrounding water creates a calm, scenic backdrop throughout the day. Located in an established waterfront community, this property stands out for its setting, thoughtful layout, and move-in-ready condition.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017