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5128 MARX DRIVE
About This Property
Inside, birch hardwood floors set the tone, a clean canvas ready for your own style. Thoughtful upgrades across the home enhance both its look and everyday function. Custom Master Bathroom renovation completed last year with dual shower heads, storage nooks, and heated floor. New A/C System installed July 2026. Newer Washer and Dryer.
The private backyard opens to serene natural views, and the rear deck becomes your go-to spot for morning coffee, weekend gatherings, or an unwinding moment at the end of the day. A two-car garage adds room for vehicles and extra storage, rounding out the practical side of the home.
Set on a quiet, no-through street, the neighborhood stays peaceful and friendly, with minimal traffic and a genuine sense of community. And because Cedarlea is a water-oriented community, you get access others only dream about: launch your boat or jet ski from the gated community ramp, or head to the community pier to fish and crab whenever the mood strikes.
Whether you love being on the water or simply near it, you'll find it all right here on Marx Drive. View 3D/VR Tour linked in the listing.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017