2884 Bay Drive
About This Property
Wake up each morning to breakfast with a view, as you enjoy the sight of the wide canal just beyond your doorstep. Living here is akin to a permanent vacation, with the beauty of Cammans Pond nearby and the allure of the waterfront at your beck and call.
This home is conveniently located near a variety of trendy restaurants, shops, and local transportation options with NYC just 45 minutes away by train, ensuring you're never far from the action. Beautiful beaches are just one exit away on the parkway, inviting you to enjoy the sun, surf, and sand whenever the mood strikes. In this vibrant community, there's always something exciting to do and new places to explore. 2884 Bay Drive is the perfect blend of peace and excitement. Discover the joy of waterfront living in a community that truly has it all ! Don't miss this wonderful opportunity to own this great residence!
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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 |
|---|---|---|---|
| Jun 26, 2026 | Sold | ||
| Sold | |||
| Apr 7, 2026 | In contract | - | |
| In contract | |||
| Mar 14, 2026 | Price Decreased |
$1,249,000
↓ $50K
(3.9%) | |
| Price Decreased | |||
| Oct 31, 2025 | Listed by Douglas Elliman Real Estate | $1,299,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Nov 19, 2019 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017