3 N DIVISION STREET
About This Property
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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 |
|---|---|---|---|
| May 8, 2025 | Sold | ||
| Sold | |||
| Mar 31, 2025 | In contract | - | |
| In contract | |||
| Mar 28, 2025 | Listed | $1,650,000 | |
| Listed | |||
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Just 2 homes off the Oceanfront, this delightful cottage is only steps to the beautiful life-guarded beach in South Bethany. An inviting wrap-around deck leads to the spacious great room, featuring a vaulted ceiling with skylights and window lined walls with southern exposure that fill the home with an abundance of natural light. The open floorplan combines the living area with the kitchen and dining room, creating the ideal layout for gatherings of family and friends at the beach. Two guest bedrooms and a full bathroom are also on this floor. Step upstairs to find a spacious loft, ideal for an additional family room. This area can easily double as overflow sleeping space as-is or can be converted to a fourth bedroom. The large primary bedroom with a full bathroom and laundry are also on this floor. Equipped with an outdoor shower and storage on the ground level, this home truly offers the best of easy beach living. Situated on a 70ft x 70ft lot in South Bethany, well known for its beautiful life-guarded beach and just a short bike ride to downtown Bethany, this quintessential cottage is offered tastefully furnished as shown. The options are endless as this property would be a desirable rental or the lot provides plenty of space to build a sizeable new beach home with the potential to capture great ocean views from the upper levels.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017