214 Farley 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 |
|---|---|---|---|
| Jun 26, 2025 | Sold | ||
| Sold | |||
| Jun 12, 2025 | In contract | - | |
| In contract | |||
| Jun 5, 2025 | Listed by Bailey Properties | $2,499,000 | |
| Listed by Bailey Properties | |||
| Feb 27, 2023 | Sold | ||
| Sold | |||
| Jan 28, 2023 | Listed by eXp Realty of California Inc | $2,588,000 | |
| Listed by eXp Realty of California Inc | |||
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This freshly built modern home in Rio del Mar is in a very desirable location. It's only a block and a half to the nearest beach access, just blocks from Rio del Mar Beach and the cement ship at Seacliff. This home features two primary suites; one on each level. Built for todays lifestyle utilizing advanced technology, this house includes high efficiency solar, EV plug in garage, and wired for smart home. Sonos ready speakers installed throughout, ring doorbell, camera surveillance ready, fire sprinkler system, and electric heated Led fireplace, and all LED lighting. The bathrooms have Toto toilets and Hansgrohe plumbing fixtures. The kitchen features High end Diamond cabinetry, Thermador and Bosch appliances. Nice upstairs laundry room. The primary baths have custom Italian porcelain tile and bath floors. Amazing curb appeal including paver driveway and landscape. Easy access to Hwy 1, Seascape Golf, sports club, restaurants and services.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017