8254 Palm Gate 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 |
|---|---|---|---|
| May 15, 2025 | Sold | ||
| Sold | |||
| Apr 8, 2025 | In contract | - | |
| In contract | |||
| May 30, 2024 | Relisted | $630,000 | |
| Relisted | |||
| Apr 23, 2024 | In contract | - | |
| In contract | |||
| Feb 28, 2024 | Listed | $630,000 | |
| Listed | |||
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This sophisticated, renovated single-family home features 4 bedrooms and 2.5 bathrooms with a spacious and convenient layout. Located in a gated community, the property offers comfort and elegance, it also has free cable included, landscaping included, new roof, new A/Cs, new water heater, brand new Italian cabinets floor and tiles, the backyard also has fruit trees.
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About Palm Beach
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$4,000 /mo
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$3,100 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017