61
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328 Madison Circle
About This Property
Inside, the home unfolds across approximately 2,300 square feet with a layout designed for both gathering and retreat. Ten-foot ceilings elevate the main living spaces, where natural light moves easily through an open-concept design. The first-floor primary suite introduces a sense of privacy and convenience, while three additional bedrooms upstairs provide flexibility for guests, family or a dedicated workspace. Recent updates, including fresh interior paint and new carpet in all bedrooms, create a clean and welcoming backdrop. Finishes throughout feel thoughtfully selected, offering a step above what is often found at this price point and leaving room for a buyer's personal vision to take shape.
Curb appeal sets the tone on arrival, with a covered front porch and brick paver driveway creating a polished first impression. Beyond the home, a community pool adds a relaxed gathering space, while the absence of short-term rentals preserves a more residential atmosphere.
Positioned within walking or biking distance to the beach, the pier and nearby attractions like Shipwreck Island Water Park, this property offers both accessibility and a sense of calm. Priced with intention, it presents a compelling opportunity for a primary residence or second home in a location that continues to draw lasting interest.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 11, 2026 | Sold | ||
| Sold | |||
| May 10, 2026 | In contract | - | |
| In contract | |||
| May 1, 2026 | Listed by Scenic Sotheby's International Realty | $385,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Dec 20, 2022 | Sold | ||
| Sold | |||
| Oct 6, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017