Lot 7 Bay Grove
About This Property
The lot is beautifully wooded, allowing you to customize your surroundings, clear as much or as little as you'd like to create the ideal balance of open space and natural privacy. Whether you're dreaming of peaceful mornings overlooking the bayou or a custom retreat designed for entertaining, this property delivers the canvas to make it happen.
And it gets even better, additional acreage is available. Lots 8 and 9, offering an extra 1.6 acres, can be purchased to expand your waterfront estate or investment opportunity.
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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 |
|---|---|---|---|
| Apr 9, 2026 | Listed by Coldwell Banker Realty | $210,000 | |
| Listed by Coldwell Banker Realty | |||
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Last Updated: 2 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1000364
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Address: 335 Madison Avenue, New York, NY 10017