88 Key West
About This Property
Each unit enjoys its own private entrance, two-car garage, and private outdoor space, creating the feel and privacy of two separate homes.
Upstairs, you'll find a bright and inviting 2-bedroom, 2-bath unit complete with its own washer and dryer, full kitchen, spacious living room, and newer flooring and paint. Large windows fill the home with natural light and offer peaceful treetop views, making this a comfortable space to call home.
The 3-bedroom, 2-bath downstairs unit has its own private entrance on the opposite side of the building and features a large living room, spacious kitchen that opens to the main living area, and a dedicated laundry closet with its own washer and dryer. A sliding glass door leads to a private, enlarged patio, and this unit also includes its own private two-car garage. Recent improvements include fresh exterior paint and new LVP flooring.
Whether you're looking to add to your real estate portfolio or searching for a smart owner-occupant opportunity, this property offers flexibility and income potential. Live in one unit and rent the other, or rent both for a solid investment opportunity. Previous rents were $1,600/month for the 2-bedroom unit and $1,950/month for the 3-bedroom unit.
Two homes, two garages, private outdoor spaces, and plenty of possibilities-all in one 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 |
|---|---|---|---|
| Oct 29, 2026 | Sold | ||
| Sold | |||
| Sep 26, 2026 | In contract | - | |
| In contract | |||
| Aug 18, 2026 | Listed by Platinum Partners Real Estate | $542,500 | |
| Listed by Platinum Partners Real Estate | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017