8331 Grand Palm Drive #2
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 |
|---|---|---|---|
| Mar 31, 2026 | Sold | ||
| Sold | |||
| Feb 27, 2026 | In contract | - | |
| In contract | |||
| Feb 23, 2026 | Listed by Douglas Elliman Florida,LLC | $299,000 | |
| Listed by Douglas Elliman Florida,LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/23/2026
|
3 Bed
|
2 Bath
|
1437 ft²
|
$299,000
3 Bed
2 Bath
1437 ft²
|
$299,000
03/31/2026
|
BRITTANY SUBLETT PA
FLORIDA HOMES REALTY & MORTGAGE PROPERTY MANAGEMENT
| |
|
12/09/2025
|
3 Bed
|
2 Bath
|
1437 ft²
|
$294,900
3 Bed
2 Bath
1437 ft²
|
$294,900
12/31/2025
|
BRITTANY SUBLETT PA
FLORIDA HOMES REALTY & MORTGAGE PROPERTY MANAGEMENT
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017