508 SHORE DRIVE
About This Property
This home has all of that and more. Recently updated, classy and thoughtfully appointed, it offers a layout that feels as good as it looks. True water access with a private dock ready for you to enjoy. This home has never flooded and has no previous water damage whatsoever.
Hard to find? Absolutely! Here it is - water access. No HOA. Not in a flood zone. Under $600K. And a beautifully updated home to go with it. This one is different!
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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 |
|---|---|---|---|
| Aug 14, 2026 | Price Decreased |
$589,000
↓ $6K
(1%) | |
| Price Decreased | |||
| Jun 17, 2026 | Price Decreased |
$595,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| May 13, 2026 | Listed by CENTURY 21 INTEGRA | $600,000 | |
| Listed by CENTURY 21 INTEGRA | |||
| Apr 28, 2023 | Sold | ||
| Sold | |||
| Mar 12, 2023 | Listed by CENTURY 21 INTEGRA | $475,000 | |
| Listed by CENTURY 21 INTEGRA | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017