8 WATER TRACE
About This Property
Step into an inviting atmosphere where cathedral ceilings in the living room and kitchen create an immediate sense of openness. The kitchen features sleek stainless steel appliances, stunning granite countertops, and upgraded wood cabinetry with soft-close drawers. An eight-foot serving counter provides ample space, while a sliding glass door leads to a covered, screened-in lanai, perfect for enjoying the outdoors with no direct rear neighbors for added privacy.
The private primary bedroom offers a true retreat with a walk-in closet and an en-suite bathroom showcasing custom tile work, wood cabinetry, and granite counters. Completing this package is a two-car garage with durable epoxy flooring. This home is truly move-in ready and designed for contemporary living. Call for more information or to schedule a tour!
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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 |
|---|---|---|---|
| Sep 10, 2025 | Sold | ||
| Sold | |||
| Aug 9, 2025 | In contract | - | |
| In contract | |||
| Jul 28, 2025 | Price Decreased |
$234,900
↓ $1K
(0.5%) | |
| Price Decreased | |||
| Jul 17, 2025 | Price Decreased |
$236,000
↓ $4K
(1.7%) | |
| Price Decreased | |||
| Jul 1, 2025 | Price Decreased |
$240,000
↓ $5K
(2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017