501 Emily Drive #501
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Dec 5, 2023 | Sold | ||
| Sold | |||
| Oct 11, 2023 | In contract | - | |
| In contract | |||
| Sep 20, 2023 | Listed by Coldwell Banker American Homes | $549,999 | |
| Listed by Coldwell Banker American Homes | |||
| | |||
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This pristine two-bedroom, 2.5-bathroom end unit on the south shore offers a stunning living space. The wrap-around porch, 1-car garage, and views of The Great South Bay from the third-floor loft make this property truly special. The first level features solid Brazilian Cherry wood floors, a new Chef's kitchen with high-end stainless steel appliances, quartz counter-tops, ample counter space, gorgeous white cabinets, 9ft ceilings, and a large island with additional storage. The formal dining area has a gas fireplace and sliders to a private deck. The living room is filled with natural light and there is also a half bathroom on this level. The second level presents a spacious guest suite with a rotunda filled with windows that has views of the Great South Bay in the winter months, and a full bathroom with a standing stall shower. The primary suite boasts vaulted ceilings, a walk-in closet with custom California Closet organizers, a large spa-like bathroom, sliders to an upper deck, and access to a personal loft overlooking the room. The loft can be used as a second den, workout space, or office, etc.. The loft Captain's window offers mesmerizing views of the Great South Bay year round. The unit is conveniently located one block from the Great South Bay offering prime Village living including Mascott Dock and newly renovated shorefront park, close to excellent restaurants, shopping, Fire Island Ferry, community pool, and nightlife. Pride of ownership is evident throughout the unit, so don't miss the opportunity to see it before it's gone!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/20/2023
|
2 Bed
|
2 Bath
|
1700 ft²
|
$549,999
2 Bed
2 Bath
1700 ft²
|
$570,000
+3.64%
12/05/2023
|
Bryan Stewart CBR
Exit Family Realty
| |
|
02/08/2021
| |
2 Bed
|
3 Bath
|
-
|
$439,000
2 Bed
3 Bath
|
$445,000
+1.37%
04/30/2021
|
Rosemarie Bozza
Above Board Real Estate Inc
|
|
03/20/2012
| |
2 Bed
|
2 Bath
|
1700 ft²
|
$357,000
2 Bed
2 Bath
1700 ft²
|
$348,000
-2.52%
07/02/2012
|
Vincent M. Martino
Douglas Elliman Real Estate
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017