246 Cadman Avenue
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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.
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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 |
|---|---|---|---|
| Aug 11, 2025 | Sold | ||
| Sold | |||
| Jul 12, 2025 | In contract | - | |
| In contract | |||
| Jun 23, 2025 | Listed by Shine Realty Group | $779,000 | |
| Listed by Shine Realty Group | |||
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Pride of ownership equals peace of mind in this Babylon Village Colonial! With 4 bedrooms and 2.5 bathrooms it is much larger than it appears from the street. Thoughtfully designed and renovated in 2016, no expense was spared to create an energy efficient and timeless property.
Enter into the front room with impressive 15 foot shiplap ceilings, a gas fireplace with stone surround, and ample natural light flowing in from windows on all three walls. Radiant faux wood tile floors throughout the first floor provide warmth, aesthetically and literally. The dining room flows into a chef's kitchen with granite counter tops, soft close 5/8 cabinets, stainless steel appliances, pot filler, microwave drawer, built in wine rack, peninsula for workspace and seating, and an abundance of storage. A powder room for guests is conveniently located off of the kitchen. The spacious and bright living room has sliders to an Ipe deck out back. This tropical hardwood is extremely durable and low maintenance, ensuring a beautiful entertaining space for years to come. The first floor primary has a large walk-in closet with built ins, and a primary bath featuring a custom shower with Moen touch screen controls and numerous shower heads and body sprayers. An additional downstairs bedroom with an outside entrance could be used as an office space, den, or playroom. Upstairs is a full bath and 2 additional bedrooms with 9.5 foot ceilings and pull-down access to attic storage. The larger bedroom upstairs has a fun custom addition - a large loft bed with built-in shelving & outfitted with electric, designed for a work station below with additional built in shelves.
Additional highlights include recessed lighting on dimmers & custom blinds throughout, a number of closets for plenty of storage, natural gas for cooking, sewers, EV charging station, and a detached 2 car garage with electric. The owned solar panels result in a minimal electric bill which includes heating, hot water, & car charging. The state of the art 4 zone Geothermal heating and cooling system provides year-round comfort.
Enjoy all that Babylon Village and the south shore has to offer - Shopping & dining on main street, parks, golf, waterfront restaurants, and access to LIRR. This might just be the one, nothing to do here but unpack!
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| Jun 29, 2016 | Sold | ||
| Sold | |||
| May 26, 2016 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017