2408 SE 23RD PLACE
About This Property
Oversized driveway leads to front covered entry with double glass door stepping into open floor plan with engineered hardwood floors, vaulted ceilings. The foyer has accent wall, to left is the office/den/5th bedroom , to right is the dining room with modern chandelier that leads to the kitchen with granite countertops, stainless steel appliances, laundry closet, pass through bar top, and peninsula Island. The primary suite sits in far right corner away from it all. This bedroom has tray ceilings and walk in closet with custom shelving and drawers. Primary bath features double granite top vanities and glass door tile surround shower. Stepping back into kitchen to spacious living room overlooking kitchen pass through bar top with bar stools and covered, screened in lanai. Living room has vaulted ceilings, high shelf and is the focal point of this home. Far left corner is the spacious 4th bedroom that could potentially work as an in law suite with half bath leading to lanai. Currently be utilized as a gym/fitness room with mirror closet doors. Just off of the living room are the 2nd with vaulted ceiling and 3rd bedrooms with tray ceiling, both with their own en suite bathrooms. Heading out the double french doors to tiled floor screened lanai with summer kitchen overlooking large deck just painted steps down to fenced backyard with paver fire pit. Double gate on right side of home for easy access to backyard. Rain gutters, concrete block stucco, Roof 2022. Low Hoa of $121/month and once a year $75 fee. All close to downtown, medical and restaurants!
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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%.
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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 23, 2026 | Price Decreased |
$415,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
| May 30, 2026 | Listed by GAILEY ENTERPRISES REAL ESTATE | $425,000 | |
| Listed by GAILEY ENTERPRISES REAL ESTATE | |||
| Feb 18, 2022 | Sold | ||
| Sold | |||
| Apr 1, 2019 | Sold | ||
| Sold | |||
| Oct 7, 2018 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017