18822 MELVILLE WAY
About This Property
Featuring an open-concept layout filled with natural light, this meticulously maintained home boasts an upgraded kitchen with premium cabinetry and backsplash, an expanded morning room, spacious owner's suite, and thoughtfully designed living spaces throughout. Situated on a premium corner lot, you'll also enjoy a Trex deck, custom stone patio, stone exterior, insulated 2-foot garage extension, plumbing manifold system, and warrantied washer and dryer.
With the builder's base price for this model starting around **$523,900 before upgrades**, this home offers an incredible opportunity to enjoy thousands in premium enhancements without the added cost, stress, or wait of new construction. Move in and start enjoying the coastal lifestyle today!
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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 25, 2026 | Price Decreased |
$450,000
↓ $15K
(3.2%) | |
| Price Decreased | |||
| Jul 16, 2026 | Listed by Bryan Realty Group | $465,000 | |
| Listed by Bryan Realty Group | |||
| May 15, 2026 | Price Decreased |
$475,000
↓ $25K
(5%) | |
| Price Decreased | |||
| Mar 30, 2026 | Price Decreased |
$500,000
↓ $25K
(4.8%) | |
| Price Decreased | |||
| Jan 5, 2026 | Price Decreased |
$525,000
↓ $25K
(4.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017