650 Drum Point Road
About This Property
Outside, the backyard is a true showstopper-an entertainer's dream comes to life. Enjoy a newer dock, trex deck with luxury glass panels, extended paver patio, professionally landscaped yard-all upgraded within the last five years. Ideal for relaxing, hosting, or simply soaking in the waterfront lifestyle.
Additional upgrades include a tankless hot water heater, vinyl bulkhead, new fencing, irrigation system, and custom window treatments.
Located just a half a mile from Shore Acres Yacht Club, Drum Point Marina, and the private Bayfront Beaches of the Shore Acres Club, life at the shore starts here. Welcome home!
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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
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 1, 2025 | Sold | ||
| Sold | |||
| Jun 6, 2025 | In contract | - | |
| In contract | |||
| May 27, 2025 | Price Decreased |
$869,900
↓ $20K
(2.3%) | |
| Price Decreased | |||
| May 1, 2025 | Listed by Keller Williams Realty Ocean Living | $889,900 | |
| Listed by Keller Williams Realty Ocean Living | |||
| Apr 26, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017