176 Royal Drive
About This Property
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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 |
|---|---|---|---|
| Jul 9, 2025 | Sold | ||
| Sold | |||
| Jun 7, 2025 | In contract | - | |
| In contract | |||
| May 27, 2025 | Listed by Keller Williams Shore Properties | $999,000 | |
| Listed by Keller Williams Shore Properties | |||
| Mar 28, 2024 | Sold | ||
| Sold | |||
| Jan 19, 2024 | Listed by DeFelice Realty Group, LLC | $949,000 | |
| Listed by DeFelice Realty Group, LLC | |||
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Discover the epitome of waterfront living (without the need for flood insurance) in the coveted Cherry Quay section of Brick with this exquisite 4-bedroom, 3-bathroom residence. A perfect blend of elegance and comfort, this home boasts a seamless open floor plan highlighted by a charming fireplace, creating a warm and inviting atmosphere. The first floor graciously offers not only the convenience of a bedroom but also a full bathroom, providing flexibility and practicality for residents and guests alike. Ascend to the second floor, where luxury awaits in the form of three expansive bedrooms. The master suite stands out with its own en-suite bathroom, complete with a rejuvenating jacuzzi tub and a separate shower. The two additional bedrooms share a well-appointed full bathroom, ensuring everyone enjoys their own space and privacy.
Beyond the interior, the exterior of this residence is designed for low-maintenance luxury. A paver driveway leads to a 2-car garage, while a thoughtfully crafted paver patio provides an ideal space for outdoor relaxation and entertaining.
This home not only offers a picturesque setting but also the perfect blend of functionality, style, and waterfront allure. Seize the opportunity to make this dream residence yours and indulge in the finest in coastal living.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017