116 ACADEMY STREET
About This Property
The open-concept kitchen flows seamlessly into the expansive family room, where a fireplace anchors the space and elevated ceiling heights enhance light and volume. Just beyond, a three-season sunroom sits behind accordion-style glass doors, offering the flexibility to fully integrate with the main living space or remain a separate seasonal retreat. From here, windows and exterior doors open to the rear yard, creating a graceful transition between interior comfort and outdoor living.
A versatile main-level sitting room or study could potentially be a main level bedroom, with attached full bath, and dedicated laundry room providing flexibility for modern lifestyles. The finished lower level adds valuable living space with a wet bar, full bath, generous storage, and walk-out access - ideal for guests, recreation, or media use.
Upstairs, the spacious primary suite features a walk-in closet and a well-appointed bath with separate soaking tub and shower. Three additional bedrooms complete the upper level, including one en suite and two connected by a Jack-and-Jill bath. With over 3500 square feet of finished living space, the home offers a level of scale and functionality that is far larger than it appears from the street - an exceptional rarity in Murray Hill - along with the added convenience of a two-car off-street parking pad.
Enjoy a short stroll to Amos Garrett Waterside Park, catch a water taxi to City Dock or Eastport, walk to Main Street's shops and restaurants, or dine under the stars on West Street. This coveted Murray Hill address delivers luxury, space, and lifestyle in one of Annapolis' most sought-after neighborhood.
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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 |
|---|---|---|---|
| Apr 28, 2026 | Sold | ||
| Sold | |||
| Apr 12, 2026 | In contract | - | |
| In contract | |||
| Apr 10, 2026 | Price Decreased |
$1,799,000
↓ $81K
(4.3%) | |
| Price Decreased | |||
| Apr 10, 2026 | Relisted | $1,880,000 | |
| Relisted | |||
| Apr 5, 2026 | No longer available | - | |
| No longer available | |||
Property Highlights
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017