38 Markwood Drive
About This Property
The main floor also includes a peninsula-style kitchen equipped with classic oak cabinetry, a stainless steel appliance package, and a large welcoming breakfast area that is perfect for casual daily dining. Completing the first floor is an updated half bath and a dedicated laundry room with direct entry into the two-car garage. Upstairs, the comfort continues with a primary bedroom featuring its own private ensuite bath, alongside two additional generously sized bedrooms and a fully updated second hall bath with a tub. All three bedrooms are beautifully finished with crown molding, modern recessed lighting, and ceiling fans. Complete with a newer central air conditioning system installed in 2023, this home offers easy access to the adjacent Candlewood section of Howell and sits just minutes from the bustling Route 9 corridor, local shopping, daily conveniences, and the Howell Park and Ride for a seamless commute to New York City.
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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 |
|---|---|---|---|
| Aug 31, 2026 | Sold | ||
| Sold | |||
| Jul 16, 2026 | In contract | - | |
| In contract | |||
| Jun 24, 2026 | Listed by Keller Williams Shore Properties | $694,999 | |
| Listed by Keller Williams Shore Properties | |||
| Sep 27, 2019 | Sold | ||
| Sold | |||
| Aug 6, 2019 | Listed by EXP Realty | $375,000 | |
| Listed by EXP Realty | |||
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Home Sweet Home, Move in Ready Expanded Colonial with large family room addition. 3 Bedrooms/2.5 Baths with 2 Car Garage and Shaded Fenced in Yard! Features Hardwood Floors, Formal Dining Room, Open Kitchen with new stainless steel appliances including a double oven, master bedroom with en suite and updated bathrooms! Plus large Great room with gas fireplace, excellent area for entertaining! Tranquil Yard and a Whole House Generator this home has it all! Located in great residential neighborhood near Rt 9 and 195, lots of new shops and restaurants! Close to Bus stop to NYC and short drive to the best beaches at the Jersey Shore!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017