3907 23RD AVENUE W
About This Property
The interior features a well-designed, split-bedroom floor plan that enhances privacy, especially for the primary suite. Living spaces are thoughtfully arranged with formal living and dining areas positioned toward the front, while the family room and casual dining area flow off the kitchen at the rear of the home. The centrally located kitchen has been modernized with granite countertops, refaced wood cabinetry, stainless steel appliances, and recessed lighting, creating a bright and functional space. Bedrooms are comfortably sized with ample storage throughout the home. Both bathrooms have been tastefully updated, featuring granite finishes in the primary bath and durable Corian surfaces in the guest bath.
Outdoors, the property offers a fully fenced yard with room for recreation, gardening, or relaxation, along with a screened lanai that provides additional seating space overlooking the pool. The home is located in a welcoming, deed-restricted community with sidewalks, street lighting, and underground utilities, promoting a clean and walkable environment. Conveniently situated near shopping, medical facilities, and Gulf beaches, this property also offers flexibility for investors, as short-term rentals such as Airbnb are permitted with no minimum lease restrictions.
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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 |
|---|---|---|---|
| Sep 29, 2026 | Sold | ||
| Sold | |||
| Aug 15, 2026 | In contract | - | |
| In contract | |||
| Aug 14, 2026 | Price Decreased |
$400,000
↓ $20K
(4.8%) | |
| Price Decreased | |||
| Aug 5, 2026 | Price Decreased |
$420,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Jul 28, 2026 | Price Decreased |
$430,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017