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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 15, 2020 | Sold | ||
| Sold | |||
| Oct 1, 2019 | No longer available | - | |
| No longer available | |||
| Sep 28, 2019 | Listed | $5,995,000 | |
| Listed | |||
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Revel in glistening ocean & harbor views during the day and be enamored by vibrant city lights in the evening in this stunning custom built Estate, situated behind Newport Coast's ultra-exclusive community of Pelican Ridge Estates. Boasting a grand interior with an impressive rotunda, and dramatic foyer highlighted by a curved stair-case and cathedral vaulted ceilings; the residence offers an interior living space of approx. 6,000 sq. ft. - offering 5 en-suite bedrooms, 3 of which offer ocean views, & 5 1/2 bathrooms plus main floor library. The open floor-plan dream residence provides seamless transitions between the living room, family room, gourmet kitchen, and outdoor entertainer's dream backyard complete with resort style pool and sit down coastline and city light views. The main-floor bedroom provides an ideal retreat for guests, while 4 ensuite bedrooms upstairs, including a luxuriously appointed master suite with exceptional panoramic ocean views, highlight the upper level. The custom estate is rounded out by a rare 2,400 sq. foot easy access subterranean garage and ideally located in close proximity to Pelican Hill Resort offering championship golf courses, Crystal Cove Beaches, Orange County's premier shopping, award winning schools, and resort- The manager has listed the unit size as 5916 square feet.
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| Feb 26, 2019 | Listed by Luxe Real Estate | $5,850,000 | |
| Listed by Luxe Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017