56 BEACON DRIVE
About This Property
The main level hosts three bedrooms, including a serene primary suite featuring a spa-inspired tile bathroom, walk-in closet, and private balcony access with breathtaking bay views, a vantage point shared with an adjacent secondary bedroom. A spacious hall bathroom and a dedicated laundry room add everyday convenience to this thoughtfully designed level.
Ascend to the top floor, the true heart of the home, where an open-concept living space with weathered wood flooring is anchored by a gas fireplace and framed by panoramic bay views. The gourmet kitchen dazzles with a large center island and abundant cabinetry, flowing naturally into an elegant dining area designed for effortless entertaining. Step through double glass doors onto the top-floor balcony and soak in spectacular sunsets over the water. A fourth bedroom and a generous powder room complete this level. On your way down to the lower level stop by a charming peephole window perfectly positioned to frame the iconic Barnegat Lighthouse or step outside on the third balcony and immerse yourself with another bay view.
The lower level is equally impressive, featuring an oversized garage with ample storage, a second powder room for indoor-outdoor convenience, and direct access to a spectacular backyard oasis. A covered concrete patio provides the perfect setting for dining and relaxing, while a brand-new hot tub invites year-round enjoyment. With 50 feet of water frontage ready to accommodate boats of all sizes, wiring for a boat lift and a cleaning station, this property truly delivers on every level.
Your summer, and every season after, starts here. Stop idling and start boating, schedule your private showing today!
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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