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3714 3RD AVENUE
About This Property
Set on a beautifully flat, fully usable lot, the property offers space, privacy, and function all in one. The yard is fully fenced, perfect for kids, pets, or simply enjoying your own private outdoor retreat, and includes a storage shed for added convenience. Out front, a private concrete driveway provides easy off-street parking, while a thoughtfully designed landscape package and charming brick paver walkways create a warm, welcoming first impression.
Out back is where this home really shines-an expansive, tiered deck built for entertaining. Whether it's summer cookouts, family gatherings, or quiet evenings dining under the stars, this space was made to be enjoyed.
Inside, the home offers the ease and comfort of true one-level living. Beautiful flooring flows throughout, leading into a spacious family room and kitchen designed for both everyday living and hosting. The layout is open yet cozy, with natural gathering spaces that just feel right. The oversized primary suite is a standout, offering a peaceful retreat with plenty of room to unwind.
And then there's the community...
Selby on the Bay is one of Edgewater's most beloved waterfront neighborhoods, known for its tight-knit, welcoming vibe and incredible amenities. Residents enjoy access to a sandy beach on Selby Bay, a waterfront clubhouse, wide open green spaces, and basketball courts-all just moments from your doorstep. It's the kind of place where neighbors know each other, kids play outside, and weekends revolve around the water.
If you've been searching for that perfect blend of lifestyle, community, and livability, this is it.
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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.
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About Selby-on-the-Bay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017