$13,370,000
●
House -
Off Market
1001 Forest Avenue
Rye City, NY 10580
5 Beds
4 Baths,
2
Half Baths
7,490 Ft²
$14,990,808
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model
About This Property
ONE OF RYE'S MOST BREATHTAKING WATERFRONT PROPERTIES. The renowned
architects, Shope, Reno & Wharton, designed a truly magnificent
home with a wonderful blend of enduring tradition and outstanding
craftsmanship. Prominently positioned to capture the beautiful
sunrises over Long Island Sound, this shingle style Colonial
reflects the essence of a gracious and serene lifestyle. The 7,490
square feet of generously proportioned living and entertaining
spaces and its picturesque setting with exceptional privacy are
enhanced by its 2.58 acres waterfront location on notable Milton
Point. Additional Information: ParkingFeatures:3 Car Attached,
Unit Size
7,490 Ft²
Days on Market
170 days
Land Size
2.58 acres
Price per sqft
$1,986
Property Type
House
Property Taxes
$13,353
HOA Dues
-
Year Built
1994
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (OneKey MLS #KEYH6153165)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 6, 2022 | Sold | ||
| Sold | |||
| Nov 15, 2021 | Listed by Houlihan Lawrence Inc. | $14,875,000 | |
| Listed by Houlihan Lawrence Inc. | |||
| Jun 1, 2021 | Sold | ||
| Sold | |||
| Oct 22, 2020 | Listed by Houlihan Lawrence Inc. | $13,500,000 | |
| Listed by Houlihan Lawrence Inc. | |||
| Apr 7, 2020 | Listed by Julia B Fee Sothebys Int. Rlty | $15,000,000 | |
| Listed by Julia B Fee Sothebys Int. Rlty | |||
| | |||
|
Exquisite waterfront shingle-style Colonial with private shoreline and breathtaking panoramic views of Long Island Sound from every vantage point. Designed by renowned architects Shope, Reno and Wharton, this is one of Rye’s finest and most exclusive waterfront properties. Elevated, protected and privately positioned, it offers the ultimate luxury lifestyle. A masterpiece of craftmanship, this 7,490 sq ft, 5-bed home is light-filled and graced by soaring ceilings and walls of windows. From the grand 2-story foyer, to the formal living and dining rooms and rich walnut-paneled wet bar – glistening waterfront views abound. The open-plan kitchen is spectacular, the serenity of a family meal waterside is incomparable. Complemented by a glorious sunroom, 5 fireplaces, hardwood floors, a lavish master suite this is resort-like living, 35mins from NYC. Dock permitting in process. Swimming pool site (survey attached as document). Some pictures have been virtually staged. The manager has listed the unit size as 7490 square feet.
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Property Highlights
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Fireplace
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Rye
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Last Updated: 4 months ago
Data Source: OneKey MLS
Data Source: OneKey MLS
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