429 ACADIA DRIVE
About This Property
The kitchen opens to a spacious step-down family room with hardwood floors, a tile ceiling, a bay window, and attic access. This flexible space can easily be converted into a 4th bedroom if desired. The primary bedroom features waterproof wood plank flooring, ample closet space, and a large front-facing window that welcomes natural light. Its adjoining bathroom features a roomy layout with a shower. A hall full bath serves two additional bedrooms, each equipped with double closets for plenty of storage. Convenience is key with a main-level laundry room, including a washer and dryer, that opens to the 3-season room. Also, off the kitchen is a laundry room with storage and a 3-season room with an abundance of windows and a new tongue-and-groove ceiling. From there, step out onto the concrete patio overlooking a colonial picket-fenced backyard that backs to serene trees-an ideal setting for relaxing or entertaining. Additional peace of mind comes with the new HVAC system, which was replaced in 2023. Combining charm, functionality, and privacy, this home is ideally situated near schools, shopping, and Mariner Point Park, offering comfortable everyday living at its best.
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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 14, 2025 | Sold | ||
| Sold | |||
| Sep 17, 2025 | In contract | - | |
| In contract | |||
| Sep 12, 2025 | Listed by Compass Home Group, LLC | $340,000 | |
| Listed by Compass Home Group, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017