2318 Coconut Palm Drive NE
About This Property
You own the land, and the well-laid-out floor plan offers a great opportunity to make it your own. Situated on a corner lot, the home features a spacious interior with laminate wood flooring, a kitchen with a pantry, and room for personal touches throughout.
HOA membership is optional but gives you access to a pool, clubhouse, tennis, pickleball, and more.
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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 |
|---|---|---|---|
| Sep 22, 2025 | Sold | ||
| Sold | |||
| Sep 6, 2025 | In contract | - | |
| In contract | |||
| Aug 14, 2025 | Price Decreased |
$121,500
↓ $6K
(4.7%) | |
| Price Decreased | |||
| Jul 21, 2025 | Price Decreased |
$127,500
↓ $5K
(3.8%) | |
| Price Decreased | |||
| Jun 29, 2025 | Listed by Keller Williams Realty Brevard | $132,500 | |
| Listed by Keller Williams Realty Brevard | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017