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986 Normandy U
About This Property
Enjoy stunning golf and water views from this bright and inviting 2nd-floor condo in the desirable Kings Point 55+ community. This light-filled home features an updated kitchen, partially remodeled bathrooms, and an open living space that showcases the beautiful scenery. Convenient building amenities include an elevator, and the unit comes with assigned parking space #03. AC 2017.Located in walking distance from the Flanders Clubhouse-offering pools, golf, tennis, pickleball, cafes, fitness, and endless activities-this is the perfect opportunity to enjoy resort-style living close to shopping, dining, and the beach.
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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%.
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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.
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 |
|---|---|---|---|
| Jan 2, 2026 | Sold | ||
| Sold | |||
| Nov 27, 2025 | In contract | - | |
| In contract | |||
| Nov 16, 2025 | Listed by EXP Realty LLC | $120,000 | |
| Listed by EXP Realty LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/16/2025
| |
2 Bed
|
2 Bath
|
907 ft²
|
$120,000
2 Bed
2 Bath
907 ft²
|
$105,000
-12.50%
01/02/2026
|
Paul Jay Saperstein
EXP Realty LLC
|
|
12/28/2012
|
2 Bed
|
2 Bath
|
872 ft²
|
$51,999
2 Bed
2 Bath
872 ft²
|
$50,000
-3.84%
03/20/2013
|
Bonnie Rochetti
Signature International RE
|
Building Info
About Kings Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017