706 Riviera Drive
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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%.
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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.
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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 |
|---|---|---|---|
| May 16, 2025 | Sold | ||
| Sold | |||
| Mar 7, 2025 | In contract | - | |
| In contract | |||
| Jan 26, 2025 | Listed by Douglas Elliman Real Estate | $399,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Incredible waterfront opportunity. Adorable cape with panoramic views both east and west, overlooking Narrow Bay with bulkhead and boat ramp. Just a mile from Brookhaven Town's planned and approved downtown revitalization project, set to break ground soon. Ask me about the Army Corps of Engineers program that will raise this home at ZERO cost to you! A listing like this at a price like this is extremely rare. Roof is young and in great condition, original wood floors in great condition as well. The interior is charming and stylish, with a kitchen island and a custom built-in breakfast nook with marble table. Features a guest room on the lower level with built-in closet/storage, and upper level features 2 small bedrooms, an office area with wide-plank wood flooring and a large window overlooking the bay (upper level was originally setup as one large bedroom). Deck with pergola and outdoor shower completes what is the ultimate beach town retreat. Hot water heater installed for running water, but currently no heating system in place. Installation of a split unit for heat and AC would be an easy and efficient fix. Very low taxes.
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| Nov 25, 2015 | Sold | ||
| Sold | |||
| Aug 6, 2015 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017