LOT 8 Palis Drive
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 |
|---|---|---|---|
| Aug 21, 2025 | Sold | ||
| Sold | |||
| Jul 5, 2025 | In contract | - | |
| In contract | |||
| Jun 10, 2025 | Price Decreased |
$1,300,000
↓ $149K
(10.3%) | |
| Price Decreased | |||
| May 26, 2025 | Price Decreased |
$1,449,000
↓ $101K
(6.5%) | |
| Price Decreased | |||
| Apr 25, 2025 | Listed by eXp Realty | $1,550,000 | |
| Listed by eXp Realty | |||
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Nestled on a peaceful cul-de-sac and just minutes from vibrant Newburyport and the shores of Salisbury Beach, this stunning property is the perfect blend of luxury, space, and location. The main level offers a seamless flow between the spacious family room, living room, kitchen, and elegant formal dining room perfect for entertaining or cozy family gatherings. Need a quiet place to work or read? The private study provides a serene retreat. Upstairs, the primary suite features a walk-in closet, private office, or meditation space and a spa-inspired bathroom with a steam shower. The second floor also offers laundry and generous bedrooms for family or guests. The walk-up attic offers excellent storage and exciting potential for expanded living space, office, or studio. Step outside to your backyard oasis featuring a saltwater pool. Inside, movie nights become epic in your very own home theater. There is even in-law potential offering flexibility for multi-generational living.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017