1 Fairway
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%.
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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 |
|---|---|---|---|
| Apr 1, 2026 | Sold | ||
| Sold | |||
| Mar 12, 2026 | In contract | - | |
| In contract | |||
| Feb 10, 2026 | Listed by Tate & Foss Sotheby's International Rlty | $4,795,000 | |
| Listed by Tate & Foss Sotheby's International Rlty | |||
| Apr 10, 2025 | Price Decreased |
$6,789,000
↓ $500K
(6.9%) | |
| Price Decreased | |||
| Nov 12, 2024 | Listed | $7,289,000 | |
| Listed | |||
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Historic Rye Beach 16-room estate sited on 1.17 lush acres overlooking the fairways of Abenaqui Country Club and just a short stroll via sidewalks to the seaside boardwalks and the country club’s clubhouse! Originally built by industrialist, former congressman, and former Mayor of Portsmouth, Frank Jones. It's one of only five homes thought to have been built by Jones, who also built the Rockingham Hotel and the Wentworth Hotel. The house is replete with Victorian detailing and mansard design, with no feature or detail overlooked. From the minute you walk into the elegant foyer, you're wowed with period molding, detail, and history. Anchoring the home is an epicurean-inspired island kitchen with rich warm cabinetry, tin ceilings, butler's pantry, and premium appliances such a British AGA gas range. A cozy breakfast room with fine detailing overlooks the rear deck, patio, grounds, and gazebo. Just off the kitchen areas you'll find a one-of-a-kind two-story great room with rich raised cherry wood paneling, a wood-burning fireplace, and tin ceilings. A Formal living room off the foyer offers a tranquil retreat features high ceilings, a wood-burning fireplace, intricate ceiling details, and warm wood floors. Elegant formal dining room off kitchen. Spacious primary suite features a luxury steam bath with radiant floors and soaking tub. Generator and elevator. Alternate primary suite with en-suite bath. After nearly 35 years, it's time for a new family to enjoy One Fairway Drive.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017