10111 IRON GATE ROAD
About This Property
Originally Custom built by Mark Lerner, principal owner of Major League Baseball's Washington Nationals, with the highest quality commercial grade materials!
• Short stroll to Potomac Village
• Classical-contemporary, embassy style residence.
• Easy commute to DC & Northern VA
• Multi-million dollar renovation & expansion completed by the
home's original architect, JERRY HARPOLE, including extraordinary primary bed-
room suite on main level & unparalleled lower level
• Resort like estate situated on 2 + lush acres
• Sun Drenched Cheery Home
• Sophisticated infinity pool, picturesque patios & Terraces overlooking private yard
• Art Deco inspired commercial home movie theatre
• Elegant, flowing indoor outdoor living space
• Commercial bowling alley and AMF Score System
• Floor to Ceiling windows in each room unite scenic vistas with
interior creating a soft, warm atmosphere within the grand spacious floorplan
• Fitness room / Gym with panoramic views of the outdoors
• Spectacular commercial grade kitchen with top of line Gaggenau appliances
• Game room
• 7 Bedrooms, 5 on the main level, all ensuite, including the Primary bedroom wing addition
• Separate living area on an upper level for in law suite or guests, also perfect for Au Pair, includes a large family room, bedrooms, 2 full baths. Additional guest room with large bedroom plus full bath on lower level
• 8 Full bathrooms, 4 half bathrooms
• Commercial/industrial size walk in freezer and cooler
• 6 Garage Spaces
*Oversized 4 car garage with side entry and door leading into main level mudroom.
*Additional oversized 2 car garage with side entry
*Gated driveway leading to garages
• All the amenities to enjoy relaxing or entertaining!
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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 |
|---|---|---|---|
| Jun 5, 2025 | Sold | ||
| Sold | |||
| Mar 6, 2025 | In contract | - | |
| In contract | |||
| Feb 15, 2025 | Price Decreased |
$3,995,000
↓ $205K
(4.9%) | |
| Price Decreased | |||
| Dec 7, 2024 | Relisted | $4,200,000 | |
| Relisted | |||
| Nov 30, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017