31 George Drive
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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 16, 2025 | Sold | ||
| Sold | |||
| Apr 18, 2025 | In contract | - | |
| In contract | |||
| Apr 2, 2025 | Listed | $850,000 | |
| Listed | |||
| | |||
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Boater's paradise awaits! This stunning waterfront gem, built in 2014 to FEMA standards, offers easy and quick access to the bay. With 60 feet of newer vinyl bulkhead, it's perfect for water enthusiasts. The open floor plan boasts 9-foot ceilings on the first floor, 3 bedrooms, and 2 baths, with ample space for a pool or home expansion. Don't miss this unique opportunity to live the ultimate coastal lifestyle!
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| Mar 15, 2025 | Listed by RE/MAX Select | $929,000 | |
| Listed by RE/MAX Select | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017