253 REX PLACE #E
About This Property
The manager has listed the unit size as 755 square feet.
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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 |
|---|---|---|---|
| Oct 22, 2025 | Sold | ||
| Sold | |||
| Sep 25, 2025 | In contract | - | |
| In contract | |||
| Sep 12, 2025 | Listed | $350,000 | |
| Listed | |||
| | |||
|
Intracoastal Waterway views are showcased in every room of this stunning turnkey 1 BR / 1.5 BA townhome, nestled within the highly desirable gated community of Madeira Beach Yacht Club. Enjoy boat views from the water-facing enclosed porch, overlooking ROC Park. Recent updates include new appliances, A/C (2017), storm windows (2015), and water heater (2021). New flooring is featured throughout, with carpeted steps leading to the expansive bedroom, full bath, spacious walk-in closet with washer and dryer, and attic storage. Madeira Beach Yacht Club permits 7-day minimum rentals or serves as an ideal primary residence. With the Milestone Inspection completed and passed, long-term confidence in the property's structural integrity is assured. The community offers a clubhouse, fitness center with dry saunas, showers, billiards room, 2 heated pools, 4 fishing piers, high-speed WIFI, cable, water, grounds keeping, and building insurance, all included in the HOA monthly fee.
| |||
| May 13, 2022 | Sold | ||
| Sold | |||
| Apr 11, 2022 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/12/2025
|
1 Bed
|
1 Bath
|
755 ft²
|
$350,000
1 Bed
1 Bath
755 ft²
|
$340,000
-2.86%
10/22/2025
|
Chris Remmert
CENTURY 21 EXECUTIVE TEAM
| |
|
03/27/2022
|
1 Bed
|
2 Bath
|
755 ft²
|
$489,000
1 Bed
2 Bath
755 ft²
|
$489,000
05/13/2022
|
Chris Remmert
CENTURY 21 EXECUTIVE TEAM
| |
|
10/04/2021
|
1 Bed
|
1 Bath
|
430 ft²
|
$349,900
1 Bed
1 Bath
430 ft²
|
$357,000
+2.03%
11/08/2021
|
Karin Zimmerman
CENTURY 21 COAST TO COAST
| |
|
05/09/2020
|
1 Bed
|
2 Bath
|
755 ft²
|
$245,000
1 Bed
2 Bath
755 ft²
|
$237,000
-3.27%
06/29/2020
|
Amberly McWilliams
DOUGLAS ELLIMAN
| |
|
02/18/2019
|
1 Bed
|
2 Bath
|
755 ft²
|
$256,000
1 Bed
2 Bath
755 ft²
|
-
-
|
Denise Champagne
CENTURY 21 RE CHAMPIONS
| |
|
09/16/2018
|
1 Bed
|
2 Bath
|
755 ft²
|
$207,900
1 Bed
2 Bath
755 ft²
|
-
-
|
Jan Adams
LUXURY & BEACH REALTY INC
| |
|
06/21/2018
|
1 Bed
|
2 Bath
|
755 ft²
|
-
1 Bed
2 Bath
755 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017