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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%.
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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.
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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 17, 2026 | Sold | ||
| Sold | |||
| Feb 19, 2026 | In contract | - | |
| In contract | |||
| Feb 1, 2026 | Price Decreased |
$625,000
↓ $50K
(7.4%) | |
| Price Decreased | |||
| Dec 27, 2025 | Listed by EXP Realty LLC | $675,000 | |
| Listed by EXP Realty LLC | |||
| |||
|
Bathed in natural light, this spacious and elegant two-story residence offers an open, airy layout designed for both refined living and effortless entertaining. The home currently features three bedrooms but can easily be restored to four. Two bedrooms were thoughtfully combined to create an expansive primary retreat; reinstalling the wall and reconfiguring the hallway door allows for a seamless return to a fourth bedroom if desired.
Set on an oversized, private waterfront canal lot at the end of a quiet cul-de-sac, the property is surrounded by lush, mature landscaping and tranquil water views, creating a serene and secluded atmosphere.
The grand living and dining areas showcase wood-look tile flooring and generous proportions, ideal for hosting on any scale. The designer kitchen is both stylish and functional, featuring granite countertops and backsplash, stainless steel appliances, rich wood cabinetry, and exceptional pantry storage with elegant glass-front doors. A separate family room provides additional space for relaxed everyday living.
All bedrooms are located upstairs and feature high-end laminate flooring. The home offers 2.5 beautifully renovated bathrooms, all updated in 2020, and is further enhanced by a brand-new roof.
The expansive corner lot provides abundant outdoor space for entertaining, recreation, or simply enjoying the peaceful waterfront settingan exceptional opportunity to own a private, move-in-ready home in a truly desirable location. Investor friendly, can be rented immediately.
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| Dec 3, 2021 | Sold | ||
| Sold | |||
Property Highlights
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017