1556 3rd
About This Property
1,648 square feet of living space, two good sized bedrooms with closet organizers and mirrored closet doors. One bedroom has a ceiling fan and a slider that opens to the side decking. The full bathroom features tiled flooring, wainscoting, and a Jacuzzi tub. The three-quarter bathroom is beautifully tiled and is highlighted by a skylight.
Comfortable and easy coastal living is accented by sunny rear decking and a large front patio entertainment area.
This property is located very near the charming waterfront Baywood downtown area with its restaurants, coffee shop, yoga studio, wine tasting, live outdoor music on the weekends, retail jewelry store and of course the Baywood pier where one can sit and enjoy the bay views while conversing with friends or engaging in solitary reflection. You can also launch your kayak, canoe or paddle board and explore the bay, inlets, and the sandspit. To view the unbranded web site go to 1556-3rd.com/idx
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 9, 2026 | Sold | ||
| Sold | |||
| Sep 11, 2026 | In contract | - | |
| In contract | |||
| Sep 5, 2026 | Price Decreased |
$1,079,000
↓ $16K
(1.5%) | |
| Price Decreased | |||
| Jul 30, 2026 | Price Decreased |
$1,095,000
↓ $100K
(8.4%) | |
| Price Decreased | |||
| Jul 3, 2026 | Price Decreased |
$1,195,000
↓ $305K
(20.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017