1 Newport Drive
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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.
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 |
|---|---|---|---|
| Jul 18, 2025 | Sold | ||
| Sold | |||
| Feb 14, 2025 | In contract | - | |
| In contract | |||
| Feb 11, 2025 | Listed by Douglas Elliman Real Estate | $2,549,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Stunning new construction to be built. This beautifully redesigned Colonial-style home spans approximately 3500 sq. ft. and features 5 bedrooms and 4 baths. The open and spacious layout boasts a grand double-height entry with intricate millwork and hardwood floors throughout. The high-end chef’s kitchen is equipped with high-end appliances, gas cooking, an oversized center island, seamlessly flowing into the formal dining room and family room with gas fireplace and sliders to yard. The first floor includes a custom mudroom with 10-12 foot ceilings, bedroom, full bath, and direct access to a two-car garage. Second floor features a luxurious primary suite with walk-in closets and a spa-like bath with radiant heat floors. Additional 3 bedrooms and 2 full bathrooms, ample closet space, and an oversized laundry room. Full finished basement. Beautiful half acre lot close to transportation, shops, and school.
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| Aug 9, 2024 | Sold | ||
| Sold | |||
| Jun 12, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017