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306 3rd Street
About This Property
On the second level, you will find the primary retreat, complete with upgraded double-pane sliding doors for ultimate peace and quiet, alongside two additional spacious bedrooms. The third floor serves as an incredible entertainment hub, boasting a front deck with an external gas fireplace and a private back deck equipped with a six-person hot tub and an outdoor viewing TV.
The luxury continues up to the fourth-floor rooftop deck, an exceptional outdoor space beautifully finished with custom turf and another gas fireplace-perfect for tanning by day and enjoying panoramic ocean-view sunsets by night. Throughout the home, enjoy high-end upgrades including an integrated Control4 speaker system, a first-floor front deck with an attached Weber gas grill tied to the main line, and a pristine epoxy-floored 2 car garage that is EV-charger ready with up to 3 additional driveway spots. Merging an unbeatable walk-to-everything location with unparalleled luxury, this coastal retreat has it all!
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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 |
|---|---|---|---|
| Sep 14, 2026 | Sold | ||
| Sold | |||
| Jul 24, 2026 | In contract | - | |
| In contract | |||
| May 19, 2026 | Listed by The Agency | $3,490,000 | |
| Listed by The Agency | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017