1815 EASTERN Drive
About This Property
Here's your chance to own a nearly 2,300 sq ft, 3-bedroom, 2-bath home in one of the most desirable neighborhoods at the beach. Priced well below recent sales and current listings. The equity potential is great with this one!
Nestled just a short stroll from the sand and blocks from top-rated schools, this home combines location, lifestyle, and potential. The roof, A/C and hot water heater have years of insurable life left on them. Its well-built structure and spacious layout provide a strong foundation for your vision, whether that means tasteful updates or a complete transformation into a refined coastal retreat with a dreamy backyard.
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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 |
|---|---|---|---|
| Oct 6, 2025 | Sold | ||
| Sold | |||
| Sep 2, 2025 | In contract | - | |
| In contract | |||
| Aug 28, 2025 | Price Decreased |
$649,000
↓ $26K
(3.8%) | |
| Price Decreased | |||
| Jul 26, 2025 | Price Decreased |
$674,900
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Jul 9, 2025 | Price Decreased |
$685,000
↓ $14K
(2%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017