64 Andrew Drive
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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%.
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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 23, 2022 | Sold | ||
| Sold | |||
| Mar 25, 2022 | Listed by Coldwell Banker Home Connection | $825,000 | |
| Listed by Coldwell Banker Home Connection | |||
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Prime location- Just minutes to the open bay with no bridges. This beautiful reverse living home has 3 bedrooms, 2 ½ baths and an office that could be a 4th bedroom. Kitchen features abundant cabinets, granite counters, tile backsplash, tile floors, and dining area. The kitchen opens into living area with vaulted ceiling, gas fireplace, palladian window, plantation shutters, recessed lighting, and wood floors. The sliding door off the living area opens to a covered deck with built in gas line for grilling. The Owner’s Suite features sliding doors to the deck, vaulted ceiling, recessed lighting, ceiling fan, and jacuzzi jetted tub that heats water. Rounding out the upstairs with laundry room area and a half bath. The first level features two very large bedrooms, a large office with closet, full bathroom, and four-season Florida sunroom with gas fireplace and UV glass sliding doors and windows overlooking the lower deck, the water, and beautiful surrounding homes. Outside features deck, vinyl fence, dock, vinyl bulkhead and storage shed. Back yard is completely fenced. Garage is high and deep, great for storage, with a tall garage door. Central vac and tankless HW heater. A great place to live year around or spend summers with family and friends on Barnegat Bay.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017