61 MILKY WAY DRIVE
About This Property
The luxurious primary suite features a tray ceiling, walk-in closet, and spa-style bath with frameless glass shower. Upstairs, the versatile loft with full bath is perfect for a guest suite, office, or media room. Additional highlights include 2-zone heating and air plus a whole-house humidifier; Gas line for BBQ; Paver Patio and 2-car garage with attic storage.
Enjoy world-class amenities at the 16,000 sq ft clubhouse: indoor/outdoor pools, fitness center, pickleball, tennis, game rooms, theater, and more-all with a full-time Lifestyle Director. Minutes to LBI beaches, Atlantic City, and the GSP. This is more than a home-it's a lifestyle. Move-in ready. Don't miss out!
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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 |
|---|---|---|---|
| Dec 15, 2025 | Sold | ||
| Sold | |||
| Oct 27, 2025 | In contract | - | |
| In contract | |||
| Oct 3, 2025 | Listed by Coldwell Banker Home Connection | $745,000 | |
| Listed by Coldwell Banker Home Connection | |||
| Sep 30, 2022 | Sold | ||
| Sold | |||
| May 14, 2022 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017