59 Florence Avenue
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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%.
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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 |
|---|---|---|---|
| Feb 20, 2026 | Sold | ||
| Sold | |||
| Dec 11, 2025 | In contract | - | |
| In contract | |||
| Nov 19, 2025 | Listed by Natale Realtors | $400,000 | |
| Listed by Natale Realtors | |||
| Jan 25, 2022 | Sold | ||
| Sold | |||
| Jul 16, 2021 | Listed by EXIT Realty East Coast Shirvanian | $299,900 | |
| Listed by EXIT Realty East Coast Shirvanian | |||
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Perfect starter home for someone looking to leave NYC. Close to high speed ferries into NYC. 2 blocks from Beach and Marina. 1 bedroom on main floor, with primary bedroom on second floor. 1 bathroom on main level. Vinyl Siding, Front Porch, Back Deck, Laminate hardwood floors Living Room, Family Room and Kitchen. New carpeting in bedrooms. New Anderson Windows throughout, Custom Blinds. Solid wood kitchen cabinets. Freshly painted and ready to move in. New roof, updated electric 100 amp service, newer gas furnace and hot water heater. Beach friendly community. Close to stores, shops, restaurants, public transportation. Easy access to biking, walking on Hudson Trail. Large backyard for summer grilling and fun. Unfinished basement with plenty of storage.
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About Leonardo
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$9,900 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017