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1950 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 |
|---|---|---|---|
| Aug 13, 2025 | Listed | $7,795,000 | |
| Listed | |||
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A refreshing and modern reimagination, complementing this well-scaled collection of sophisticated spaces. Set on a verdant bluff above the scenic Back Bay, this light and airy home has been beautifully appointed to delightfully articulate architectural detail and accommodating living areas. Enveloped by the tranquil estuary and captivating water, city lights, and mountain views, the property creates an exceptional opportunity to experience this idyllic and sought-after location. The configuration of the over 10,000-square-foot property, affording a fluid continuum from interior to exterior areas, is a harmonious environment to comfortably reside, entertain, work, and enjoy an atmosphere of relaxed elegance. The interior encompasses five bedrooms; five and one-half baths; a statement kitchen with a coffee bar and breakfast niche; formal living and dining rooms; a games/billiards room; a bar and lounge; a subterranean, temperature-controlled wine cave with capacity for 800+ bottles; and a fully finished garage/auto salon. The exterior surround is graciously connected through a series of new, collapsing and sliding walls of glass. The secluded interior courtyard with a sparkling salt-water pool and spa with a Baja shelf; and a panoramic view terrace with built-in kitchen and barbeque elements; along with fire feature/conversation seating, and both sunny and shaded space for repose and recreation – offer a multitude of independent areas to enjoy an outdoor lifestyle. Every detail was considered in refining the stylish domain – just a small selection of thoughtful finishes and amenities includes an abundance of rare natural stones and hardwoods as well as imported, resilient engineered materials; an impressive selection of artisan-crafted and designer furnishings including lighting, wall treatments, intricated finish applications, fixtures and fittings; a custom LAM Woodworks kitchen with appliances from Wolf, Sub-Zero, and Cove; radiant heated floors in all-ensuite baths with spa-like components; a an exquisite primary suite with private wardrobe and lavish bath; and myriad technological advancements for security, audio/visual, home automation, and efficiency. Resplendent with offerings, residents of this idyllic community enjoy the benefits of three private beaches, recreation, sports courts, and ideal proximity to regional resources.
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| May 27, 2020 | Sold | ||
| Sold | |||
| Feb 13, 2020 | Listed by Villa Real Estate | $3,095,000 | |
| Listed by Villa Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017