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Map
701 Captains Way #701
About This Property
Set along a peaceful waterway, this residence offers the best of both worlds: serene waterfront views and immediate access to everything Admirals Cove has to offer. From your home, enjoy a front-row seat to watch the boats pass by, or dock your own, up to 35' vessel, at the well-maintained private dock. This residence offers endless potential to redesign and create a luxurious custom home. With three spacious bedrooms, this home offers the perfect setup for hosting family and friends. Whether you're a seasonal resident or living here year-round, you'll have ample space for guests to visit and enjoy everything Admirals Cove. Club luxury amenities include a top-of-the-line golf performance center, 45 holes of championship golf, tennis, pickleball, five restaurants, Covesters for the kids, and more for competitive play and luxury dining.
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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 31, 2025 | Sold | ||
| Sold | |||
| Jun 24, 2025 | In contract | - | |
| In contract | |||
| Jun 4, 2025 | Listed by Nicklaus Vance | $2,249,000 | |
| Listed by Nicklaus Vance | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/04/2025
|
3 Bed
|
2 Bath
|
2033 ft²
|
$2,249,000
3 Bed
2 Bath
2033 ft²
|
$2,100,000
-6.63%
07/31/2025
|
Lisa Fishman
Nicklaus Vance
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017