173 Pier Avenue
About This Property
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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 |
|---|---|---|---|
| Sep 16, 2025 | Sold | ||
| Sold | |||
| Aug 2, 2025 | In contract | - | |
| In contract | |||
| May 20, 2025 | Price Decreased |
$1,795,000
↓ $200K
(10%) | |
| Price Decreased | |||
| Aug 16, 2024 | Listed by Douglas Elliman Real Estate | $1,995,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Welcome to the finest in North Fork living! This custom-built farmhouse, beautifully situated on 2.63 acres, offers serene privacy and stunning views. Upon arrival, guests are greeted by a grand entrance at the property's highest elevation and a charming wrap-around porch. The open two-story foyer is filled with natural light and leads into the great room, which features a fireplace, a spacious dining area, and ample entertaining space—all highlighted by large UV-protected windows that showcase picturesque farm views. The spacious kitchen is designed for gatherings and includes custom cabinets, double ovens, granite countertops, a chef's island, generous storage, and ample counter space, with doors opening to the patio for al fresco dining. This five-bedroom, three-bath home also includes a full unfinished basement with 10-foot ceilings, a walkout to the garage, and a large attic space that allows for future expansion. Additionally, there is a two-car attached garage, and a separate structure on the property features a four-door garage with a loft, providing extensive space ideal for collectors, equestrians, and artists. There is plenty of room for a pool and/or tennis courts, with Iron Pier Beach conveniently nearby. Enjoy all that the North Fork has to offer!
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| Dec 31, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017