350 LAMBERT AVENUE
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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 14, 2025 | Sold | ||
| Sold | |||
| Sep 23, 2025 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Listed by REALTY PROS ASSURED | $750,000 | |
| Listed by REALTY PROS ASSURED | |||
| Jun 22, 2025 | Price Decreased |
$890,000
↓ $110K
(11%) | |
| Price Decreased | |||
| Feb 24, 2025 | Listed | $999,900 | |
| Listed | |||
| | |||
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Huge Price reduction. This is a must see home, Beautiful Intracoastal Frontage. This cracker style home features 3 sided wrap around 12' porches underroof. Interior wood features throughout with open beams. Brick fireplace with propane gas line for starting your wood fire. Spanish(Saltillo) style tile floors throughout the first floor. Beautifully crafted open tread wood staircase. Wood cabinets line this spacious kitchen with center island and breakfast bar. Numerous wood patio doors allow for a panoramic view of the Intracoastal Waterway and the boat parade you will view. Mature landscaping for low maintenance. Spacious 2 car garage with storage and laundry. Master suite on second floor offers nice sitting area and balcony outside for viewing the water. Hurricane Shutters for your safety. 2 Carrier Systems new in 2015 and Condensers replaced in 2018. New attic stair. Hot water heater new in 2022. This location is a short walk to the ICW bridge walkway for a nice walk to the Beach which is close by. Additionally the large Wadsworth Park and Shopping are equally close to the West. Only 4 short miles to I-95 for easy access to Daytona Beach or St. Augustine. Lambert Avenue is the premier waterfront location. You owe it to yourself to view this lovely home.
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Property Highlights
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About Flagler Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017