1998 Paseo Del Rey
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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%.
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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 |
|---|---|---|---|
| Dec 9, 2025 | Sold | ||
| Sold | |||
| Oct 25, 2025 | In contract | - | |
| In contract | |||
| Sep 24, 2025 | Listed by Coldwell Banker Realty | $845,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
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Beautifully remodeled, 3 bedroom, 2 full bath, single-family home on a large corner lot, located in the quiet, gated community of Sandalwood. The bright, open floor plan features a primary suite on the first floor, vaulted ceilings, spacious living room with fireplace, luxury vinyl flooring and new windows throughout. The gourmet kitchen boasts quartz countertops with plenty of work space, a large utility sink, stainless-steel appliances, and an open concept breakfast nook that leads out to the private, low maintenance backyard. Upstairs you’ll find two more bedrooms - each with walk-in closets, a second full bathroom, and an open loft area perfect for a home office, playroom, or gym equipment. The gated community of Sandalwood provides a large pool and spa area complete with outdoor shower, restrooms, and plenty of comfy lounge chairs and tables. It also offers a newly resurfaced tennis court, pickleball court, and sport court, as well as a large playground with mature, shady trees and plenty of grass, perfect for picnics and games. In addition, the HOA sponsors a variety of activities for all residents such as Movies at the Park, community garage sales, Oktoberfest, and more!
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| Nov 28, 2016 | Sold | ||
| Sold | |||
| Oct 12, 2016 | Listed by Berkshire Hathaway HomeService | $400,000 | |
| Listed by Berkshire Hathaway HomeService | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017