619 Cedarcrest Drive
About This Property
With 3 spacious bedrooms and 2.5 baths, including 1 EN-SUITE, this residence accommodates families and guests alike. Enjoy a TRANQUIL backyard, ideal for ALFRESCO DINING after a day on the water. The property is situated outside the flood zone, requiring NO FLOOD INSURANCE, and offers generous off-street parking in a driveway for several cars and a detached garage provides space for bikes, kayaks, and beach chairs. LOW TAXES. Move in now and embrace the coastal lifestyle JUST IN TIME FOR SUMMER!
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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 |
|---|---|---|---|
| Jun 4, 2025 | Sold | ||
| Sold | |||
| May 3, 2025 | In contract | - | |
| In contract | |||
| Apr 8, 2025 | Listed by Diane Turton, Realtors-Sea Girt | $1,298,000 | |
| Listed by Diane Turton, Realtors-Sea Girt | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017