3955 PALM Way
About This Property
The spacious Bonus Room upstairs is the ultimate multi-purpose space, perfect for an office, fitness area, home schooling, playroom, or even your very own sports bar. It's designed to meet the needs of anyone & everyone, providing unmatched versatility. The owner's suite, located upstairs at the back of the home, offers a serene retreat w/ a spa-like bath for ultimate relaxation. Plus, enjoy the convenience of being close to local amenities like Trader Joe's, the beach, and easy access to Butler Blvd. With a durable metal roof ensuring long-lasting peace of mind, this home is as practical as it is beautiful. Don't miss out on this exceptional chance to live near the beach in a spacious, well-appointed home. Schedule a showing today and start envisioning your new lifestyle!
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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 |
|---|---|---|---|
| Apr 21, 2025 | Sold | ||
| Sold | |||
| Mar 4, 2025 | In contract | - | |
| In contract | |||
| Jan 10, 2025 | Price Decreased |
$999,999
↓ $100K
(9.1%) | |
| Price Decreased | |||
| Oct 24, 2024 | Price Decreased |
$1,099,999
↓ $50K
(4.4%) | |
| Price Decreased | |||
| Sep 8, 2024 | Price Decreased |
$1,150,000
↓ $25K
(2.1%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Price/ft²
Listed On
Sold On
About Beaches
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017