621 Biscayne Drive
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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 |
|---|---|---|---|
| May 30, 2025 | Sold | ||
| Sold | |||
| Apr 30, 2025 | In contract | - | |
| In contract | |||
| Mar 4, 2025 | Listed | $2,399,000 | |
| Listed | |||
| | |||
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Nestled on a coveted corner lot in the heart of Flamingo Park, this 1925 gem blends timeless charm with modern updates. This turn-key home has stunning original wood floors, ALL-impact windows and doors, and a newer roof featuring elegant clay barrel tiles--plus, an arched mahogany front door with original screen. A beautifully rebuilt pool, surrounded by a travertine deck, offers a private retreat. Inside, enjoy a sunroom with Cuban tile and pecky cypress ceiling, a grand ornate fireplace, and custom built-ins throughout. The renovated upstairs bath features a clawfoot tub and walk-in shower. The detached guest house above the 2-car garage includes 1 bed, 1 bath, and a bonus room. Extra-wide driveway, landscape lighting, and a Chicago-brick walkway complete this exceptional property.
| |||
| Jan 30, 2019 | Sold | ||
| Sold | |||
| Sep 8, 2018 | Listed by The Corcoran Group | $750,000 | |
| Listed by The Corcoran Group | |||
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About Flamingo Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017