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2 Strauss Terrace
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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.
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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 |
|---|---|---|---|
| Oct 16, 2026 | Price Decreased |
$5,495,000
↓ $455K
(7.7%) | |
| Price Decreased | |||
| Aug 14, 2026 | Listed by Compass | $5,950,000 | |
| Listed by Compass | |||
| May 3, 2022 | No longer available | - | |
| No longer available | |||
| Feb 24, 2022 | In contract | - | |
| In contract | |||
| Nov 4, 2021 | Listed by RE/MAX Estate Properties | $3,895,000 | |
| Listed by RE/MAX Estate Properties | |||
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Entering the foyer gallery of this Mediterranean villa, the Italian marble columns, alcoves and niches make it clear that you've entered a home created for the celebration of art. A home to nourish and indulge the senses to enliven the spirit. Such a home inspires serenity and meditation, but is also a playground for exhilarating entertainment and family gatherings that become joyous memories. A walled compound in a private neighborhood off private and prestigious Clancy Lane; it is quiet, peaceful and serene, yet it is only one mile from shopping, dining and recreation areas of Rancho Mirage. A home where the comfort of indoors blends with the light and freshness of outdoors, the perfume of the rose, jasmine and citrus blossoms enter from two courtyards, the outdoors is never more than steps away. The master suite is spacious and well designed, transitions from bedroom to bath to double master closet. Dual studies for contemplative enjoyment of library collections. The kitchen is superlative, with the amenities one would expect from a home of distinction, with a nook for simple dining, and nearby the family room and bar. Guests arrive to enjoy the warmth of the formal living room, then move to the formal dining room a visual feast in itself. Full wet bar service area and wine cellar are positioned nearby. Suites for guests or extended family are adjacent, providing them with privacy while making them feel a welcome part of the environs. The manager has listed the unit size as 8157 square feet.
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About The Renaissance
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Currently no similar homes aroundNearby Rentals
$7,600 /mo
- 3 Beds
- 2 Baths
- 1,821 ft²
$6,500 /mo
- 3 Beds
- 2 Baths
- 1,921 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017