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Map
490 WATER ROAD
About This Property
This 3-bedroom, 2-bath home plus a full pool bath offers a rare setup that almost never comes available. A fully built-out hair studio on the property creates immediate flexibility. Perfect for a stylist, beauty professional, or entrepreneur who wants to own their space and control their schedule.
Outside, the lifestyle continues. A sparkling pool with cage and dedicated pool bath make entertaining effortless. A wooden gazebo adds charm and usable outdoor living space. The four-car carport easily accommodates guests, clients, or work vehicles.
This is not just a home.
It is a lifestyle upgrade, a business solution, and an opportunity rolled into one.
Properties like this do not sit.
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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 |
|---|---|---|---|
| Jan 18, 2026 | Listed by MAGNOLIA & MAIN REALTY ADVISORS LLC | $349,900 | |
| Listed by MAGNOLIA & MAIN REALTY ADVISORS LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017