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706 Cedar Drive
About This Property
Inside, home features four bedrooms, two full bathrooms, and a half bath, with a layout ideal for both everyday living and entertaining. The spacious open living area flows seamlessly into the kitchen, showcasing quartz countertops, ample cabinetry, and a large kitchen peninsula perfect for gatherings and additional prep space.
The private primary suite serves as a relaxing retreat, complete with spa-like finishes, quartz countertops, an oversized walk-in shower, and a generous walk-in closet. Three additional bedrooms provide flexibility for guests or family, plus a flex space that can be used as a home office, playroom, or dinning area located at the front of the home.
Step outside to a large covered patio and spacious backyard, perfect for outdoor entertaining, family gatherings, or enjoying days and evenings all year-round. Conveniently located near shopping, dining, schools, major highways this home offers both comfort and accessibility.
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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 |
|---|---|---|---|
| Jun 5, 2026 | Sold | ||
| Sold | |||
| May 1, 2026 | In contract | - | |
| In contract | |||
| Mar 12, 2026 | Price Decreased |
$399,900
↓ $40K
(9.1%) | |
| Price Decreased | |||
| Dec 19, 2025 | Listed by Monument Realty | $440,000 | |
| Listed by Monument Realty | |||
| Mar 18, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017