325 ORCHARD RD
About This Property
As you step inside, you'll immediately notice the thoughtfully designed floor plan that seamlessly blends the spacious living area with a beautiful white kitchen. The kitchen boasts elegant granite countertops that perfectly complement the modern aesthetics. Whether you're entertaining guests or spending quality time with family, the open kitchen-living area provides a welcoming and comfortable atmosphere.
One of the standout features of this property is the convenient water privileges. With the option to walk to three different beaches, you'll have endless opportunities to soak up the sun, enjoy waterfront activities, and create cherished memories with loved ones. Imagine taking leisurely strolls along beach or fishing one block from your home. Pier and dock privileges are yours.
The well-appointed custom-built home has a one-car garage ensures to ensure your vehicle is sheltered, while the driveway offers space for additional cars – perfect for accommodating guests or multiple drivers in the household.
You'll also be pleased to know that this home comes with a builder's warranty, providing you with peace of mind and assurance in the quality of craftsmanship. The great schools in the area ensure a top-notch education, while the friendly and inviting neighborhood adds to the sense of community and belonging.
The driveway and walkway installation is just around the corner. Don't miss out on the opportunity to call this charming house your new home. Schedule a viewing and see for yourself the endless possibilities that await in this wonderful abode.
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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 |
|---|---|---|---|
| Jan 5, 2024 | Sold | ||
| Sold | |||
| Nov 26, 2023 | In contract | - | |
| In contract | |||
| Nov 10, 2023 | Price Decreased |
$550,000
↓ $25K
(4.4%) | |
| Price Decreased | |||
| Sep 29, 2023 | Price Decreased |
$575,000
↓ $24K
(4%) | |
| Price Decreased | |||
| Sep 1, 2023 | Listed by RE/MAX Premiere Selections | $599,000 | |
| Listed by RE/MAX Premiere Selections | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017