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70 Hibiscus Lane
About This Property
Walls and dated architectural elements were removed to create bright, open living spaces and connect the redesigned kitchen featuring 42'' solid-plywood cabinetry, quartz countertops and backsplash, breakfast bar, and new KitchenAid/GE Profile appliances. Both baths were completely renovated, while new LifeProof LVP flooring, solid-wood trim, lighting and window treatments complete the interior.
Improvements go well beyond cosmetics with a new Trane HVAC, water heater, attic insulation, plumbing updates and replacement dual-pane insulated glass. See attached upgrades list for the full scope of this extensive renovation.
Outside, enjoy a widened paver driveway, refreshed exterior and a slight peek-a-boo bay view. HOA-provided lawn care and irrigation add convenience. Enjoy Bayside's pool, tennis, bayfront fishing pier and waterfront park, just minutes from the beach, shopping and dining. Furnishings were thoughtfully selected for the home and may be available separately, with a few exceptions. Move in and enjoy--the work has already been done!
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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 |
|---|---|---|---|
| Sep 4, 2026 | Listed by World Impact Real Estate | $539,000 | |
| Listed by World Impact Real Estate | |||
| Sep 22, 2025 | Sold | ||
| Sold | |||
| Sep 7, 2025 | In contract | - | |
| In contract | |||
| May 31, 2025 | Listed by Newman Dailey Resort Properties | $390,000 | |
| Listed by Newman Dailey Resort Properties | |||
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Don't miss this!Bayside is a quiet comfortable bay front neighborhood close to shopping, dining and Beach! Community amenities include a bayside gazebo and community dock for fishing, relaxing, or viewing the next sunset. You also can enjoy the pool, playground, tennis court and community gathering room. This home features an open spacious floorplan with split bedrooms for privacy, vaulted ceilings, gas fireplace and a spacious heated and cooled Florida room that could be converted to 3rd bedroom or office. The HOA fees covers your lawn maintenance tree trimming.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017