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1106 E 45th Way
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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.
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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 |
|---|---|---|---|
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Feb 3, 2025 | In contract | - | |
| In contract | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Oct 2, 2024 | Listed by NP Realty | $1,320,000 | |
| Listed by NP Realty | |||
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Welcome to 1106 E 45th Way, also known as the "Sunlight House" or "Bernice Tay Residence," by the acclaimed architect Paul Tay. This exquisite custom modern home features three bedrooms, two bathrooms, and set on a generous 7,521 sq ft lot. Located in Bixby Knolls, an area known for its mid-century charm and vibrant community, this home is a stone’s throw from local boutiques, eclectic dining options, and beautiful parks. Built in 1952, this midcentury marvel showcases Tay’s iconic design elements, including clean horizontal lines, functional minimalism and manipulation of light.
Walking through the entry way, the living room boasts an open and spacious design, featuring soaring ceilings adorned with exposed beams while oversized and clerestory windows bathe the interior with light. A flagstone fireplace beautifully bridges the interior with its lush exterior surroundings.
The home has also been beautifully modernized, featuring a brand-new roof and elegant quartzite flooring seamlessly connecting the Sunlight House’s many gathering spaces. Home chefs will love the upgraded kitchen with stainless steel appliances, including a large LG built-in fridge, brand new 2024 Bosch gas range, stunning Carrara marble countertops, and outdoor BBQ grill and smoker.
Bathrooms have been updated with designer fixtures, including Phillippe Starck faucets and Duravit sinks, adding sophistication to the functional spaces. Retreat to the serene backyard, featuring various lounging areas, a dining space, and a putting green—all thoughtfully designed to create a peaceful outdoor experience that seamlessly complements the interior.
This home is a beautiful example of Tay's exceptional work, showcasing the innovative design and timeless elegance that define his architectural legacy. Don’t miss the opportunity to own this stunning mid-century modern gem that captures the essence of an era while offering modern comforts.
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| Jun 8, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017