427 Cedar 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 |
|---|---|---|---|
| Aug 27, 2025 | Sold | ||
| Sold | |||
| Jul 18, 2025 | In contract | - | |
| In contract | |||
| Jun 26, 2025 | Listed by EXP Realty | $399,000 | |
| Listed by EXP Realty | |||
| Sep 22, 2021 | Sold | ||
| Sold | |||
| May 15, 2021 | Listed by VRI Homes | $274,900 | |
| Listed by VRI Homes | |||
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Charming Leonardo cottage for under 280K! Very well maintained condo alternative with central air and off street parking. Bright, airy living room has hardwood floor, gas fireplace, cathedral ceiling, ceiling fan, corner cabinet and lots of natural light. Dining room has hardwood floor and sliders leading onto deck. Updated kitchen with newer appliances, skylight, corner cabinet. Separate utility room with washer and dryer. Newer tilt wash windows throughout. Loft storage above bedroom and shed with electricity in the rear yard. Near all transportation to NYC. Less than 1/2 mile to Leonardo State Marina and just under 2 miles to shops, restaurants and marina in Atlantic Highlands.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017