204 JOEY Drive
About This Property
The community amenities-gated entry, pool, clubhouse, lawn care, and the upgraded tennis/pickleball courts-offer a sense of luxury without the hassle. It seems like a great balance of beachside living and practical functionality! A great place to call home! Flood Insurance is currently NOT required!
No short-term renters here, just friendly neighbors enjoying island li
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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 |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Mar 14, 2026 | In contract | - | |
| In contract | |||
| Dec 8, 2025 | Price Decreased |
$470,000
↓ $29K
(5.8%) | |
| Price Decreased | |||
| Oct 29, 2025 | Price Decreased |
$499,000
↓ $20K
(3.9%) | |
| Price Decreased | |||
| Sep 19, 2025 | Price Decreased |
$519,000
↓ $6K
(1.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017