41
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201 5th
About This Property
southwest facing corner lot in the south sand section. Imagine white water
ocean views extending from PVE to Pt. Dume from most of the rooms on
the second and third floors. The slate foyer leads to the sculptural staircase.
The living room with fireplace beckins you to relax and enjoy the sea views
and sea air with breezes flowing in from the spacious sundeck.
The sky lit dining room features banquette seating while a unique two tier
bar provides seating with sunset views. The adjacent kitchen is convenient
and filled with granite covered cabinets and stainless steel appliances.
The whimsical powder room is both pretty and private. The primary suite is
a real retreat. Combining a sleeping space, a spa like bath, a sitting area with
fireplace, a walk-in closet, and an office with wet bar and under counter
beverage refrigerator. All opening to the second ocean view sundeck.
Two additional en suite bedrooms make living here or visiting a real treat.
Amenities include air conditioning, skylights, hardwood floors, wood plank
ceiling, recessed lighting, fly fan light fixtures, double garage plus storage
and two driveway guest spots. All utility lines and poles in this neighborhood
have been under grounded insuring open skies and spaces. Just 1/2 block
to all beach activities and four blocks to downtown shopping and dining this
home is the ideal place to live and enjoy the beach lifestyle.
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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.
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 12, 2026 | In contract | - | |
| In contract | |||
| Aug 31, 2026 | Listed by Compass | $5,500,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017