510 Forward St
About This Property
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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 |
|---|---|---|---|
| Jul 10, 2026 | Sold | ||
| Sold | |||
| Jul 1, 2026 | Listed by Compass | $3,649,000 | |
| Listed by Compass | |||
| May 2, 2025 | Listed | $3,649,000 | |
| Listed | |||
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Coastal Charm Meets Designer Living in the Heart of Bird Rock Step into this light-filled, coastal retreat nestled in the vibrant and highly sought-after neighborhood of Bird Rock. Remodeled to perfection in 2022, this 4-bedroom, 4-bathroom home (plus a dedicated office) blends timeless elegance with modern functionality. One of the bedrooms offers flexibility as a potential ADU—ideal for guests, rental income, or multigenerational living. Inside, enjoy over 2,700 square feet of thoughtfully designed living space, featuring custom finishes, wide-plank flooring, and a chef-worthy kitchen with designer cabinetry, a wine niche, and an inviting center island perfect for gatherings. The seamless indoor-outdoor flow connects to a spacious backyard with lush greenery, built-in seating, and multiple areas for entertaining. Soaked in natural light, the home offers multiple decks, alley access, and beautifully curated outdoor living spaces that embody laid-back coastal luxury. Whether you're hosting alfresco dinners or enjoying quiet mornings with ocean air, this home is the epitome of Southern California living. Equipped with owned solar and a 3-zone A/C system, comfort meets sustainability year-round. Located in the central heart of Bird Rock—just a stroll to charming boutiques, top-rated dining, sandy beaches, and scenic bike routes—this home blends coastal charm with everyday luxury.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017