26
Map
604 Captains Way
About This Property
Adding to its appeal, this home includes a rare and highly coveted SOCIAL Membership (can upgrade to a Sports or Golf membership, if desired). A Social Membership provides a more cost-effective way to experience Admirals Cove's world-class amenities - perfect for those who don't prioritize golf but still desire access to the Club's other exceptional lifestyle offerings, such as boating, fitness, spa, tennis and pickl Renovations and upgrades include, but are not limited to kitchen cabinetry & hardware, new appliances, including gas stove top, new lighting, conversion of den into 3rd bedroom, redone bathrooms, tankless water heater, water filtration system, a/c system and more.
Admirals Cove is an award winning, premier club and waterfront community boasting a full service Marina, 2 championship golf courses, multiple tennis and pickleball courts, spa, fitness center, salon, on-site banking, multiple dining venues (including Marina waterfront dining), year-round childrens program (including dedicated indoor play room), boutique hotel for members and their guests, dog park, childrens park, a yacht club, saline chlorinated lap, serenity and kids pools, and a highly attentive professional staff. The proactive MPOA provides high end security (perimeter, roaming and waterway), home minding service, and exceptional maintenance of the grounds. It's like having your own private resort!
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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
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/05/2025
| |
3 Bed
|
2 Bath
|
2160 ft²
|
$2,750,000
3 Bed
2 Bath
2160 ft²
|
$2,350,000
-14.55%
05/06/2025
|
Stephen B Rockoff
The Corcoran Group
|
|
03/15/2019
|
2 Bed
|
2 Bath
|
2160 ft²
|
$730,000
2 Bed
2 Bath
2160 ft²
|
-
-
|
-
| |
|
03/15/2019
| |
2 Bed
|
2 Bath
|
2160 ft²
|
$657,000
2 Bed
2 Bath
2160 ft²
|
$625,000
-4.87%
08/22/2019
|
Steve Rockoff
The Sheehan Agency
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017