1632 Galaxy Drive
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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 17, 2019 | Sold | ||
| Sold | |||
| Oct 15, 2018 | Listed by Arbor Real Estate | $3,229,000 | |
| Listed by Arbor Real Estate | |||
| Oct 13, 2018 | No longer available | - | |
| No longer available | |||
| Jul 16, 2018 | Listed | $3,995,000 | |
| Listed | |||
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A once in a lifetime opportunity. . . this home has never been on the market. With a recent price adjustment, this home has one of the most expansive and awe inspiring vistas on Galaxy Drive, Newport Beach! Internationally acclaimed architect Fleetwood Joiner designed this property with the goal of capturing the best vantage points for optimum views from sunrise to sunset. Walk through the gated private entry into a tropical oasis with a new Pebble Tec, salt water pool and cascading waterfall. Beveled glass doors lead you into a true open floor plan. Enjoy single story living with all bedrooms being extremely generous in size and each with its own bath. Total remodel done with ease and quiet elegance that will appeal to almost every taste. The pool front courtyard cannot be duplicated today. Access to Dover Shores 2 private beaches and Newport Aquatic Center. The manager has listed the unit size as 3635 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017