111 Poncho Street
About This Property
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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 |
|---|---|---|---|
| Jan 16, 2026 | Sold | ||
| Sold | |||
| Sep 12, 2025 | In contract | - | |
| In contract | |||
| Jun 10, 2025 | Listed by United Real Estate | $2,750,000 | |
| Listed by United Real Estate | |||
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5 Beds | 4 Full Baths | 2 Half Baths | Elevator | 5-Story Lighthouse | Generator | Waterfront Views
Step into a fully furnished, one-of-a-kind, coastal masterpiece at 111 Poncho Street—a waterfront estate that blends timeless Southern charm with modern luxury and panoramic bay views. Anchored by a stunning 5-story lighthouse, this architectural gem delivers over-the-top character, functional space, and an unforgettable setting.
Enjoy the wraparound porches that embrace the home with serene outdoor living on every level, perfect for capturing the coastal breeze. The elevator runs from ground level to the main floor, providing ease of access for residents and guests alike. Inside, you'll find two full laundry rooms for added convenience, plus a half bath tucked into the lighthouse tower. Motorized storm shutters and automatic interior curtains combine luxury with security, while the home generator ensures uninterrupted comfort no matter the weather.
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| Aug 18, 2023 | Sold | ||
| Sold | |||
| Apr 18, 2023 | Listed by Coldwell Banker Realty | $1,100,000 | |
| Listed by Coldwell Banker Realty | |||
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Welcome home to this concrete fortress of a house w/ adjoining lighthouse. Built w/ coastline storms in mind, this property will withstand the test of time. Wrap around balcony on 2 levels provides exterior access via French doors w/ roll down storm shutters. Impact resistant glass is even used in the lighthouse. The concrete floors are prepped & designed for heated flooring under the tile of your choice. The plumbing is roughed out w/ Pex. The electrical is also ran & ready for hook up. The HVAC is there including the units & ductwork. If you like the design & layout then sheetrock it into existence. Or at this point you can easily move a wall if wanted. Pick your cabinetry & countertops. There is a bath on the ground level, 2 in the main floor, 2 on the bedroom floor, & one in the lighthouse. Speaking of bedrooms, primary is on the living level & next floor up has 4 more bedrooms. There's an elevator shaft. Easily put a bedroom on one or more of the lighthouse landings.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017