1601 River Road
About This Property
Recent improvements include:
New central air conditioning
Fresh interior paint
Quartz countertops
Updated moldings and trim
Newer furnace
Newer windows
Newer hot water heater
Updated kitchen and bathroom
Pull-down attic for convenient storage
The outdoor living space is equally impressive, featuring a large custom paver patio and retaining wall--perfect for entertaining or relaxing while taking in the marina views.
Outdoor enthusiasts will love launching kayaks, paddleboards, or boats directly across the street. You're also just a short walk to L Street Beach, the marina with boat slips, restaurants, and the train station for easy commuting.
Additional highlights include corner property so a driveway on Maplewood, and the home is not located in a flood zone.
Whether you choose to enjoy the existing waterside home or create a custom dream home with spectacular panoramic marina views, this is a rare opportunity in one of Belmar's most desirable locations.
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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 |
|---|---|---|---|
| Aug 24, 2026 | Price Decreased |
$799,999
↓ $50K
(5.9%) | |
| Price Decreased | |||
| Jul 28, 2026 | Listed by ERA Central Levinson | $849,999 | |
| Listed by ERA Central Levinson | |||
| Mar 22, 2019 | Sold | ||
| Sold | |||
| Aug 11, 2018 | Listed by Diane Turton, Realtors-Spring Lake | $329,000 | |
| Listed by Diane Turton, Realtors-Spring Lake | |||
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Spectacular views of the Belmar Marina, Sunsets and Sailboats. Cozy ranch is set back from the street and has kitchen, large living room with stone fireplace, dining room,hardwood floors, 2 BRs and one bath. All New ss appliances in kitchen,newer furnace, windows and hot water heater. Kitchen and bathroom recently updated. Pull down attic for storage. Lots of outdoor space to enjoy the water views plus covered side porch. Launch Kayaks, SUP and boats across the street. Walk to L street beach and marina with boat slips. Close to restaurants and train. Great beach house or full time residence. Driveway on Maplewood so no need to back out on highway 35. House is not in a flood zone.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017