721 Flagge Road
About This Property
. 7.4 miles to Point Beaches & Boardwalk. Features a Newer Large E-I Kitchen w/Beautiful Corian Counters & Recessed Lighting. PLENTY of Cabinets Throughout. Living Rm. has Built-in Shelving & Gorgeous Custom Fireplace. Wait Until you See the Large Primary Bdrm. which Goes Out to the Deck w/ Scenic Views. Downstairs the Mason did Custom Stonework in the Family Rm. Could be Used as In-Law Suite or Multigenerational Situation, has Full Bath. Also Features a Library/Office Area w/ Custom Built-Ins., for Quiet Times or use as a Work Out Rm. Peaceful Backyard. WOW Owner Has Bought Out Lease on Solar Panels No Lease Pymts!! Parkway&195 is an Easy Commute. Don't wait!! Owner pays $223 month for HEATING & Air CONDITIONING. NO LEASE PAYMENTS for the remaining of the 10 Yr. lease. You have the benefits of the solar panels with no lease payments. Hot water heater & cooking is Gas and it's in the house. Put your own designs on this Great Home. Everyone has their own space!
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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 7, 2026 | Sold | ||
| Sold | |||
| Jun 27, 2026 | In contract | - | |
| In contract | |||
| Jun 2, 2026 | Relisted | $579,900 | |
| Relisted | |||
| May 31, 2026 | No longer available | - | |
| No longer available | |||
| May 21, 2026 | Relisted | $579,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017