423 W BROAD STREET
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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 22, 2026 | In contract | - | |
| In contract | |||
| Oct 16, 2026 | Listed by Prime Realty Partners | $385,000 | |
| Listed by Prime Realty Partners | |||
| Jan 12, 2026 | Sold | ||
| Sold | |||
| Dec 24, 2025 | In contract | - | |
| In contract | |||
| Dec 13, 2025 | Listed by Keller Williams Realty - Ocean City | $169,000 | |
| Listed by Keller Williams Realty - Ocean City | |||
| | |||
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Residential Use. Investment Opportunity. Business Potential. This 3-bedroom, 1-bath property sold strictly “as is" requires significant renovation and offers strong potential for personal residential use, rental or resale or for your business.
Zoned Neighborhood Commercial (NC) allowing for a variety of potential business uses including professional office space, contractor shop, hair salon, and other neighborhood-serving commercial uses (buyer to verify permitted uses with municipality).
Features include a detached 2-car garage suitable for storage, workshop, or business support use. Located near the Riverline train station, park, and soccer fields, providing accessibility and visibility.
Ideal opportunity for home buyers, investors, or business owners seeking a value-add property in a convenient location.
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About Palmyra
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017