59 Memorial Dr
About This Property
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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 |
|---|---|---|---|
| Aug 6, 2025 | Sold | ||
| Sold | |||
| Jun 20, 2025 | In contract | - | |
| In contract | |||
| Jun 10, 2025 | Relisted | $385,000 | |
| Relisted | |||
| May 20, 2025 | In contract | - | |
| In contract | |||
| May 14, 2025 | Listed | $1,150,000 | |
| Listed | |||
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Ready for an everyday vacation? Waterfront property with a dock, swimming pool, and huge deck overlooking the ocean. 59 Memorial offers vacation living without ever having to leave your home. Located in the Salem Willows neighborhood, this house was expanded in 2016, giving you everything you could ask for. Open concept living on first floor and a large primary suite overlooking the ocean. If you haven't cooled down enough in the ocean or the pool, you can turn on the central air and enjoy the views from inside. In the cooler months, reminisce about the summer as you sit by the fireplace and look out at the water or entertain friends in the oversized living room open to a spacious dining room. Plenty of room to host guests with two additional bedrooms and full guest bathroom. No need to do any work in this house.....it's all been done for you. Move in and enjoy summer like never before!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017