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118 Malba Drive
About This Property
The main level features a gracious entry foyer with coat closet, Large EIK with center island, a formal dining room with custom built-ins and sliding doors to a waterfront patio, a formal living room with fireplace, a den, a sunken sitting room, a private office/bedroom, and powder room.
The second level offers four spacious en-suite bedrooms, an additional full bathroom, and an impressive bonus room with soaring 25-foot ceilings.
The third floor provides separate living quarters with private exterior access, and features two bedrooms, a full bathroom, a large living/game room, and multiple storage rooms-ideal for extended family or guests.
The basement includes both a sauna and a steam room for a private, spa-like experience.
A long and wide driveway leads to a six-car garage.
Additional highlights include CAC, central vacuum, a large balcony, Romeo and Juliet balconies, Closets galore all cedar-lined, Sliding doors to back yard patio, remarkably low taxes and more.
For boating enthusiasts, nearby dockage is available.
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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 |
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| Apr 23, 2026 | Listed by Keller Williams Rlty Landmark | $5,750,000 | |
| Listed by Keller Williams Rlty Landmark | |||
| Apr 2, 2026 | No longer available | - | |
| No longer available | |||
| Apr 1, 2025 | Listed by Keller Williams Rlty Landmark | $6,500,000 | |
| Listed by Keller Williams Rlty Landmark | |||
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Situated on a serene half-acre waterfront lot, this magnificent 6,500-square-foot residence showcases exceptional craftsmanship and luxury. Built with durable concrete and block construction, the home features stunning ENJO Architectural Millwork throughout, beautifully complemented by rich Kentucky Oak and Carrara marble floors.
Designed for both comfort and sophistication, the home boasts 15 thoughtfully curated rooms, including a gourmet eat-in kitchen with a center island, a formal dining room, a formal living room, a den, a sunken sitting room, an office, and seven bedrooms—four of which are en-suite—along with a total of nine bathrooms. The third floor has separate living quarters which may be accessed through a private staircase.
Outside, enjoy 128 feet of breathtaking waterfront views in a tranquil setting. A private driveway leads to a spacious six-car garage, adding to the home’s convenience and exclusivity. If you prefer boating, park your boat at a nearby slip.
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| Oct 16, 2024 | No longer available | - | |
| No longer available | |||
| Mar 15, 2024 | Listed by Keller Williams Rlty Landmark | $7,500,000 | |
| Listed by Keller Williams Rlty Landmark | |||
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On this serene 1/2 acre waterfront property stands a 6,500 square-foot residence. Crafted with the utmost attention to detail, this concrete and block constructed home boasts exquisite ENJO Architectural Millwork throughout, complemented by elegant Kentucky Oak and Carrera marble floors. Spanning 15 thoughtfully appointed rooms which include: a gourmet EIK with center island, Formal DR, Formal LR, Den, sunken Sitting Room, Office, 7 Bedrooms, 4 of which are en-suite and a total of 9 bathrooms. There are plenty of closets for storage, all of which are cedar-lined. This home offers an abundance of space for both privacy and comfort with a private side entrance and staircase leading to additional living quarters on the 3rd floor. Outside, 128 feet of waterfront property provides tranquil surroundings and picturesque views. There is a private driveway leading to a 6 car garage. Please see attached feature sheet for additional details on this unique home. Don't miss your chance to experience the unparalleled luxury of this Malba waterfront gem.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017