588 Bayview Drive
About This Property
Step outside through either of your 2 sliding doors to your outdoor waterfront paradise! A spacious upper level deck off your kitchen/living room features a gorgeous pergola, retractable awning and upgraded with all IPE natural hardwood decking wrapped with AZEK. Just a flight down the outdoor fun continues. Newly redone in 2019 you'll enjoy 50ft of bulkhead topped with a composite deck prewired and set for a 4-post boat lift for all your boating & water sports fun. New large pavers, outdoor shower, plenty of space for a hot tub, grill/bar complete your outdoor retreat!
All newer utilities including central AC, gas HVAC and water heater mean low maintenance. Prime secluded location but just minutes to Hooper Ave. shops, restaurants, etc., and a short ride to Jersey Shore beaches, Parkway, this gem won't last!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 23, 2022 | Sold | ||
| Sold | |||
| Apr 2, 2022 | Listed by Liberty Realty, LLC | $779,000 | |
| Listed by Liberty Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017