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424 Palmer Avenue
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 |
|---|---|---|---|
| Apr 8, 2026 | Sold | ||
| Sold | |||
| Mar 19, 2026 | In contract | - | |
| In contract | |||
| Mar 7, 2026 | Listed by Compass | $1,898,000 | |
| Listed by Compass | |||
| Apr 9, 2018 | Sold | ||
| Sold | |||
| Mar 8, 2018 | Listed by Santa Cruz Estates | $1,339,000 | |
| Listed by Santa Cruz Estates | |||
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Located on the second fairway of Seascape Golf Course, this updated Spanish style home is one of the original classics of Rio Del Mar. As you pull up the driveway, your eyes are drawn to the sunny enclosed brick paved front courtyard with Mexican tile accents which leads to a custom front door. Interior features include custom hardwood flooring, skylights in dining room, open floor plan, natural light that accentuates the 400 year old Pennsylvania oak mantle fireplace.The kitchen has been tastefully remodeled with custom concrete countertops, stainless appliances, DCS five burner stove, and European soft close drawers. The living room features golf course views, Saltillo tile radiant heated floor with custom Taleverra accent tiles. Watch the sunrise from the master suite (which includes radiant heat in bath) or guest room as both come with views of fairways and beyond. Relax on your back patio with 800 square foot of pavers, an artisan designed water feature and market lighting.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017