363 Constitution Drive
About This Property
The main living areas flow comfortably, while the second level features a large bonus room ideal for a 4th bedroom,home office, playroom, or additional living space. Quality interior louvered shutters throughout the home. Oversized garage adds extra convenience and storage, and gas baseboard heat ensures efficient, year-round comfort. Central air conditioning was added in 2025 A skylight brings in natural light, adding warmth and character to the home.Step outside to a fully fenced, oversized backyard -perfect for entertaining, pets, or creating your own outdoor retreat a generously sized driveway with parking for up to 6 cars--perfect for large families or guests. Its generous lot size, functional layout, and endless potential make this property a fantastic opportunity to make it your own. A detached shed equipped with electric offers incredible flexibility and entertaining potential, while additional attic storage provides plenty of room for organization. Located in a prime location just minutes to the Garden State Parkway, Route9 shopping and dining, and local marinas with access to Barnegat Bay. Enjoy a relaxed coastal lifestyle with parks, waterfront recreation, and the beaches of Long Beach Island just a short drive away.
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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 |
|---|---|---|---|
| Jul 7, 2026 | Sold | ||
| Sold | |||
| Jun 5, 2026 | In contract | - | |
| In contract | |||
| May 30, 2026 | Price Decreased |
$475,000
↓ $25K
(5%) | |
| Price Decreased | |||
| May 13, 2026 | Relisted | $499,999 | |
| Relisted | |||
| May 5, 2026 | In contract | - | |
| In contract | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Ocean
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$4,700 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017