4 Penny Ln
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 |
|---|---|---|---|
| Oct 17, 2025 | Sold | ||
| Sold | |||
| Sep 17, 2025 | In contract | - | |
| In contract | |||
| Sep 10, 2025 | Listed by Keller Williams Realty Evolution | $1,450,000 | |
| Listed by Keller Williams Realty Evolution | |||
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Experience coastal living on a premier cul-de-sac in the heart of Beverly Cove. Custom built and meticulously maintained this home blends elegance, location & lifestyle. The open concept kitchen and family room with built-ins, surround sound and access to the deck and fully fenced backyard is ideal for entertaining. The dining room, office, oversized mudroom and half bath complete the first level. Upstairs is four large bedrooms, ample laundry room and spacious guest bath. The primary bedroom ensuite offers a retreat with its sitting area, gas fireplace, custom closets and primary bath with dual sinks, walk-in shower and jacuzzi. The sizable third floor and lower level offer abundant storage as well as expansion potential. Outside, enjoy the raised garden, professional landscaping and the smell of the ocean breezes. In close proximity to Lynch Park, Dane Street Beach, schools, universities, downtown restaurants & shops, welcome to Beverly--voted America’s top rated zip code of 2025!
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| Apr 18, 2018 | Sold | ||
| Sold | |||
| Mar 15, 2018 | Listed by Keller Williams Realty Evolution | $879,000 | |
| Listed by Keller Williams Realty Evolution | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017