218 Herbert Street
About This Property
Welcome to your waterfront escape in Union Beach! This spacious 5-bedroom, 2-bath home offers breathtaking views of the water and plenty of room to spread out. The main level features an open layout with large windows that bring in natural light and showcase the beautiful scenery, plus a modern kitchen with stainless steel appliances.
Enjoy outdoor living on the expansive deck and patio-perfect for summer barbecues, morning coffee, or simply relaxing by the shore.
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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 |
|---|---|---|---|
| Oct 6, 2025 | Sold | ||
| Sold | |||
| Aug 18, 2025 | In contract | - | |
| In contract | |||
| Jul 22, 2025 | Relisted | $560,000 | |
| Relisted | |||
| Jun 25, 2025 | In contract | - | |
| In contract | |||
| May 20, 2025 | Price Decreased |
$560,000
↓ $29K
(4.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017