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1400 Esplanade #2
About This Property
First Light Development in collaboration with Kreag Custom Homes, known for its iconic developments in the Beach Cities, has created two more masterpieces. Inspired by Balboa Island style, renowned late Architect Doug Leach and Massie Interiors have collaborated to blend classic coastal charm with modern elegance in every carefully curated detail, delivering a refined aesthetic with high-end finishes throughout.
Unit 1 is already in escrow prior to completion.
Unit 2 encompasses approximately 4,038 square feet (BTV), with 4 spacious en suite bedrooms and 6 luxurious bathrooms, it features a wide open great room with views from every aspect, and a large BBQ deck accessed through massive sliding doors. The stunning kitchen includes a lustrous array of Wolf and Sub Zero appliances, white oak hardwood floors, honed marble counters, and specialty brass hardware. A mezzanine with a walk out deck and 365 days of sunsets over the ocean. A private 4-stop elevator provides effortless access to every level, enhancing both convenience and sophistication.
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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%.
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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.
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 |
|---|---|---|---|
| Aug 18, 2026 | Listed by Vista Sotheby’s International Realty | $8,500,000 | |
| Listed by Vista Sotheby’s International Realty | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017