520 VERDI STREET
About This Property
In addition to the main living areas, two climate-controlled bonus rooms, consisting of over 200 SF, not counted in the heated square footage, providing flexible options for a home office, gym, creative studio or storage.
Enjoy your own private retreat featuring a heated, saltwater, Pebble Tec pool with screen enclosure and a spacious covered patio area-perfect for outdoor living and dining year-round. Designed for comfort and easy living, this residence combines modern efficiency with relaxed coastal charm-perfect for soaking up the best of the Venice Island lifestyle.
This property also offers an oversized one-car garage and a separate parking space for a golf cart, ideal for easy island cruising.
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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 |
|---|---|---|---|
| Jan 2, 2026 | Sold | ||
| Sold | |||
| Dec 9, 2025 | In contract | - | |
| In contract | |||
| Oct 28, 2025 | Listed by ENGEL & VOELKERS VENICE DOWNTOWN | $1,050,000 | |
| Listed by ENGEL & VOELKERS VENICE DOWNTOWN | |||
| Jan 6, 2023 | Sold | ||
| Sold | |||
| Nov 2, 2022 | Listed by ENGEL & VOELKERS VENICE DOWNTOWN | $775,000 | |
| Listed by ENGEL & VOELKERS VENICE DOWNTOWN | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017