135 Esther Drive
About This Property
This is where million-dollar dreams take shape. Whether you envision crafting a custom waterfront masterpiece from the ground up or transforming the existing home into your personal coastal sanctuary, the possibilities are as boundless as the water views. The deep water canal frontage accommodates significant vessels, while the unbeatable location delivers both tranquility and convenience.
The existing structure provides immediate potential for renovation, or clear the canvas for new construction that maximizes this spectacular waterfront setting. With your architectural vision, this property can become the crown jewel of canal-front living.
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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 25, 2026 | Sold | ||
| Sold | |||
| Mar 4, 2026 | In contract | - | |
| In contract | |||
| Feb 16, 2026 | Listed by RISE Realty Services | $629,900 | |
| Listed by RISE Realty Services | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017