1 Sommet
About This Property
Inside, the residence showcases all-new floors, custom baseboards, cabinetry, countertops, and premium fixtures. The gourmet kitchen is equipped with top-of-the-line appliances, making it both a chef's dream and the perfect gathering spot for friends and family. The attention to detail extends to every room, creating a cohesive and luxurious atmosphere. Each bathroom has been completely renovated with modern fixtures and finishes, blending functionality with timeless elegance. The third car garage has been expertly converted into a state-of-the-art gym with fire-rated doors, giving you a private space for fitness and wellness without sacrificing safety or convenience. Positioned on a coveted and private corner lot, 1 Sommet offers breathtaking city lights views that provide a stunning backdrop to everyday living. The expansive, beautifully landscaped yard is perfect for entertaining on a grand scale, featuring multiple pavilions designed for seating, dining, and lounging. Whether hosting large gatherings or enjoying quiet evenings, the outdoor space offers limitless possibilities for enjoyment and relaxation. This residence is more than just a home; it's a complete lifestyle experience. With its comprehensive remodel, every aspect has been modernized and perfected, making it truly turn-key. From the expansive interior upgrades to the luxurious outdoor areas, 1 Sommet offers unparalleled comfort, style, and convenience in one of Newport Coast's most desirable communities. Rounding out this one of a kind property is world class shopping & dining, top rated schools, and beautiful beaches.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 21, 2025 | Sold | ||
| Sold | |||
| Feb 5, 2025 | In contract | - | |
| In contract | |||
| Feb 5, 2025 | Price Decreased |
$6,750,000
↓ $248K
(3.5%) | |
| Price Decreased | |||
| Dec 11, 2024 | Relisted | $6,998,000 | |
| Relisted | |||
| Dec 2, 2024 | No longer available | - | |
| No longer available | |||
Property Highlights
Building Info
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Price/ft²
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About Newport Coast
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017