500 Wavecrest
About This Property
pool! This beautiful home is perfect for entertaining. Spacious Living room & formal dining room. Comfortable family room with gas fireplace and entrance to sunroom w/ walls of windows and built in fireplace. Updated Chef's kitchen boasts granite counters and custom cabinetry plus sunny dining area. Master suite with spa-like bath and two closets. 2 guest rooms and full bath. Guest room and full bath on the first floor, The 4 zone Buderus heating system is energy efficient and the central air system keeps you comfortable. All backed up by a Generac Generator. Enjoy outdoor entertaining on the cedar deck surrounded by lush landscaping and expansive views. Heated 20 x 40 salt water pool with new loop lock cover and private outdoor shower. Easy access to the private beach, wineries, farmstands and all the North Fork has to offer! Please see video tour attached.
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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 |
|---|---|---|---|
| Mar 3, 2025 | Sold | ||
| Sold | |||
| Jan 22, 2025 | In contract | - | |
| In contract | |||
| Dec 23, 2024 | Listed by Coldwell Banker American Homes | $1,100,000 | |
| Listed by Coldwell Banker American Homes | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017