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299 Whitman Drive
About This Property
Discover the rare opportunity to own a fully detached single-family home nestled directly on the water, offering stunning views and endless possibilities. Situated on a 40 x 100 lot (4,000 sq ft), this unique property boasts a 2,240 sq ft existing residence with a private driveway-a true gem for those seeking space, privacy, and potential in one of the area's most desirable waterfront locations.
The current home features a functional layout with room to personalize or renovate, and the real value lies in the future-approved architectural plans are in place to build a luxurious 3-story dream home tailored to your lifestyle. Whether you're looking to enjoy as-is, renovate, or build new, this property offers unmatched flexibility and upside.
Enjoy serene water views year-round, with the added benefit of outdoor space, private parking, and the potential for a backyard oasis. A perfect blend of tranquility and convenience, this property is ideal for both end-users and developers.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 14, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jul 2, 2025 | Price Decreased |
$1,989,000
↓ $311K
(13.5%) | |
| Price Decreased | |||
| Apr 30, 2025 | Listed by 5 Boro Realty Corp | $2,299,999 | |
| Listed by 5 Boro Realty Corp | |||
| Jun 24, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Feb 13, 2024 | Listed by 5 Boro Realty Corp | $1,900,000 | |
| Listed by 5 Boro Realty Corp | |||
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In the heart of Mill Basin, the most wanted location of the best water views facing southwest, you will find the immaculate views and mint condition home. 6 bedrooms and 3 bathrooms that will comfortably fit your family and loved ones yet give you the option to separately rent the lower unit if you wish. From the massive in-ground pool to the extraordinary deck on the water, you are located on a waterfront so you could choose to own and park your boat and water toys!
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Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017