23 Open Space 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 |
|---|---|---|---|
| Jul 10, 2025 | Sold | ||
| Sold | |||
| Jun 12, 2025 | In contract | - | |
| In contract | |||
| Mar 13, 2025 | Listed | $1,289,000 | |
| Listed | |||
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Ideal for first-floor living, this Bayside Built 2619 sq. ft. Contemporary Cape offers 3 bedrooms, 2.5 baths, and a beautifully renovated eat-in kitchen with white cabinetry, elegant stone countertops, and stainless steel appliances. The kitchen also includes a charming breakfast nook, perfect for casual dining. Gleaming hardwood floors flow throughout the home, which offers a separate living room with cathedral ceilings, a gas-fireplaced family room, and a dining/living combination. The first-floor primary suite boasts a stunning new bath with a tile shower. The second floor features two additional bedrooms, a spacious 23' x 16' bonus room wonderful for guests and a full bathroom. Step outside to a stunning yard with a private back deck, ideal for relaxing or entertaining. Move right in on closing day—this home is being sold furnished, with a few exclusions. Nestled within the gated Ridge Club, one of Cape Cod's premier golf communities.
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| May 2, 2022 | Sold | ||
| Sold | |||
| Feb 28, 2022 | Listed by Ridge Realty of Cape Cod | $1,099,000 | |
| Listed by Ridge Realty of Cape Cod | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017