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535 Warbonnet Way
About This Property
The private indoor pool is the centerpiece amenity, rare among competing listings and a major driver of bookings regardless of season or weather, letting this property earn on days that would otherwise sit vacant. A fully finished rooftop level adds an enclosed lounge and an open-air deck, giving guests the kind of indoor/outdoor entertaining space that drives strong reviews, repeat bookings, and higher nightly rates.
Three bedrooms maximize sleeping capacity for group stays. The oversized bunk bedroom, complete with multiple bunks and a dedicated gaming area, is a proven booking magnet on platforms like Airbnb and VRBO, appealing to families and groups looking for space kids and adults can each claim as their own.
With high-demand amenities, strong guest appeal, and the zoning security of a purpose-built STR community, this cabin is positioned for strong occupancy and premium rates from day one.
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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 6, 2026 | Listed by Real Broker | $1,450,000 | |
| Listed by Real Broker | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017