8 May Street
About This Property
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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 15, 2026 | Listed by Keller Williams Realty Evolution | $629,000 | |
| Listed by Keller Williams Realty Evolution | |||
| Sep 10, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 13, 2026 | Price Decreased |
$629,900
↓ $15K
(2.3%) | |
| Price Decreased | |||
| Jun 23, 2026 | Price Decreased |
$644,900
↓ $14K
(2.1%) | |
| Price Decreased | |||
| May 29, 2026 | Listed by Simply Sell Realty | $659,000 | |
| Listed by Simply Sell Realty | |||
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This lovely and convenient home is your retreat in the heart of coastal Beverly. It is ready for immediate occupancy, with modern updates including mini split heat and a/c units and smart water heater. The layout invites flexibility, with 2 full baths, spacious living room, eat in kitchen, and bedrooms on the main and upper levels. A finished lower level room is currently used as 3rd bedroom. The generous upstairs bedroom has an in suite bathroom and is accessed via a separated mudroom, giving it potential as an in-law suite. Hardwood floors accent the living room and bedrooms. The kitchen features granite countertops, stainless steel appliances, in-sink disposal and water filter, and a slider to a small deck. The fully fenced yard includes mature fruit and native tree plantings. This home is in a truly walkable community and is less than a 10 minute walk to beaches and restaurants, and less than 15 minute walk to the train. 2 off street parking spots. Laundry in basement.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017