397 Edgewater Drive
About This Property
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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 |
|---|---|---|---|
| Jan 15, 2026 | Sold | ||
| Sold | |||
| Dec 14, 2025 | In contract | - | |
| In contract | |||
| Oct 30, 2025 | Listed by Anchor Home Realty | $525,000 | |
| Listed by Anchor Home Realty | |||
| Mar 4, 2022 | Sold | ||
| Sold | |||
| Feb 2, 2022 | Listed by eXp Realty | $425,000 | |
| Listed by eXp Realty | |||
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Like new, one level home in Lakewood with tons of upgrades! Built in 2020, this home features an open floor plan, sleek luxury vinyl floors, trim upgrades, and so much more! The stunning kitchen offers a large center island with granite countertops & pendant lighting, stainless steel appliances, and shimmering subway tile backsplash. The open floor plan boasts luxury vinyl flooring throughout with a butler's pantry located in the dining room matching the cabinetry, backsplash, and granite in the kitchen. Floor to ceiling windows in the living room illuminate the entertaining area which also offers coffered ceilings and a brick fireplace with custom built in bookshelves on each side. Two bedrooms are located on the front, right side of the home that are serviced by a hall bathroom with luxury vinyl flooring, granite countertops, and tile shower. The master suite is privately tucked just off of the foyer on the left. The oversized master bedroom radiates natural light through the large front window and is served by a private bathroom featuring tile flooring, a dual vanity with granite countertops, spacious walk-in & tiled shower with seamless glass door, and an abundance of custom wood cabinetry. A two car garage is also located on the rear of the home with a mudroom just off of the kitchen.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017