24 Midway Street
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 |
|---|---|---|---|
| Oct 2, 2026 | Listed by Douglas Elliman Real Estate | $1,729,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Sep 16, 2026 | Withdrawn | - | |
| Withdrawn | |||
| May 27, 2026 | Price Decreased |
$1,799,995
↓ $200K
(10%) | |
| Price Decreased | |||
| Feb 4, 2026 | Listed by Nest Seekers International LLC | $1,999,995 | |
| Listed by Nest Seekers International LLC | |||
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Now offered at an IMPROVED price this property is an exceptional brand-new waterfront contemporary offering modern coastal living in the heart of Babylon Village. This newly constructed residence is set along the water with a private bulkhead, providing direct waterfront enjoyment and a seamless connection between indoor and outdoor living.
Designed with both style and function in mind, the home features an open-concept layout with 10’ ceilings on the main level, expansive windows, and sun-filled living spaces ideal for entertaining. The chef’s kitchen is highlighted by custom two-tone cabinetry, stone countertops, and a large center island with seating, opening effortlessly to the main living and dining areas anchored by a natural gas fireplace.
The residence offers 3.5 well-appointed bathrooms, including a luxurious primary suite featuring marble finishes, spa-like design, and generous walk in closet space. High-end construction details include a helical pile foundation, engineered floor system, spray foam insulation, energy-efficient windows, multi-zone gas heating and central air, and premium finishes throughout.
Exterior features include a sleek stucco facade with natural stone accents, glass balcony railings and a beautiful stone patio overlooking the water - perfectly complementing the home’s contemporary waterfront aesthetic.
Enjoy the rare combination of new construction, Hamptons style specs, private bulkhead waterfront living, and proximity to Babylon Village shops, dining, and transportation such as the LIRR. Property Taxes include Babylon Village Tax for 2025 Tax Year. Taxes are to be verified for 2026 tax year.
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| Nov 12, 2024 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017