38
Map
157 Kel-wen Circle
About This Property
Inside, the home features a warm layout with character throughout. The large family room offers a vaulted ceiling, gas fireplace, and skylights that fill the space with natural light. A separate den provides flexible use for an office, reading room, or play area. The kitchen includes a breakfast bar and opens to the dining room for easy entertaining.
The primary suite includes an 11' x 7' walk-in closet and a bright master bath with a skylight. Two additional bedrooms and a second full bath offer comfortable space for family or guests. Practical features include hurricane shutters and a utility sink in the laundry area--perfect after beach days.
Whether you're seeking a full-time home or a peaceful coastal retreat, this property offers charm, location, and a relaxed beach-town feel. With no short-term rentals allowed, the neighborhood maintains a quiet, residential atmosphere just steps from the sand.
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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 |
|---|---|---|---|
| Sep 21, 2026 | Sold | ||
| Sold | |||
| Jul 25, 2026 | In contract | - | |
| In contract | |||
| Jul 10, 2026 | Price Decreased |
$558,000
↓ $30K
(5.2%) | |
| Price Decreased | |||
| Jun 14, 2026 | Price Decreased |
$588,430
↓ $10K
(1.7%) | |
| Price Decreased | |||
| May 7, 2026 | Listed by Coldwell Banker Realty | $598,430 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017