497 Normandy Drive
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 12, 2025 | Sold | ||
| Sold | |||
| Aug 14, 2025 | In contract | - | |
| In contract | |||
| Jul 31, 2025 | Listed by Keller Williams Shore Properties | $2,999,000 | |
| Listed by Keller Williams Shore Properties | |||
| Jul 29, 2017 | Listed | $2,299,000 | |
| Listed | |||
| | |||
|
Exceptional opportunity to purchase one of the largest bayfront properties in Normandy Beach. First time on the market, this custom designed home on nearly half an acre of prime bayfront property offers 6 bedrooms & 4.5 bathrooms. An open floor plan welcomes you into living room w/wood burning stove, dining area & kitchen. Florida room w/indoor grill, laundry room, powder room & downstairs master bedroom complete the ground level. The 2nd floor consists of another master suite & 4 additional bedrooms w/2 Jack-and-Jill bathrooms. The exterior features a wraparound fiberglass balcony, front & rear mahogany porches, oversized 2-car garage, outdoor shower, 180 ft. of vinyl bulkhead, 160 ft. deep-water dock w/water/electric hookups & ample room for a pool. Home is FEMA flood compliant. The manager has listed the unit size as 3302 square feet.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017