14
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318 Banyan Way
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%.
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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 |
|---|---|---|---|
| Nov 26, 2025 | Sold | ||
| Sold | |||
| Oct 25, 2025 | In contract | - | |
| In contract | |||
| Oct 7, 2025 | Price Decreased |
$825,000
↓ $15K
(1.8%) | |
| Price Decreased | |||
| Sep 22, 2025 | Price Decreased |
$840,000
↓ $10K
(1.2%) | |
| Price Decreased | |||
| Sep 8, 2025 | Listed by EXP Realty, LLC | $850,000 | |
| Listed by EXP Realty, LLC | |||
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This updated pool home features vaulted ceilings with wood beams, skylights, and a bright open floor plan. The gourmet kitchen is a true centerpiece featuring an island cooktop, double ovens, wine fridge, and maple soft touch close cabinets. Additionally, this kitchen offers clear views of your patio & pool. Enjoy multiple living areas, including a cozy brick fireplace and a Florida room with walls of windows overlooking the pool. The owner's suite offers direct patio access and a custom his and hers walk-in closet, while bathrooms are tastefully updated with dual vanities, soaking tub, and walk-in shower. Step outside to your private retreat with a freeform pool, shade sails, tropical landscaping, and spacious patio space for lounging & entertaining. Avocado, Mango & Banana trees. Outdoor shower for convenience. This 4 Bed 3-bathroom beach home has a 4-year-old metal roof, impact rated windows as well as Bahama shutters. 14 X 14 vaulted ceilings. 2020 AC. R-20 Insulation throughout. Circular driveway with 2 car garage offers ample space for parking. The whole backyard is fenced in. This pool holds 17,000 gallons of water. Separate utility room with storage under central ac. Adding to the living sq ft. Large laundry room inside the house not in the garage. Bring your generator. Electric already added. Zoned for great schools. A few minutes from the beach. A short drive to shopping. Close to SOFA.
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About River Colony East
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017