222 LORA Street
About This Property
Built by Eastern Shores Construction, architecture by FORM + SPACE, interior design by River & Palm Interiors, and landscaping by Ben Dinkins Landscaping Design- this home was built to last. Thoughtful design and premium materials maximize flood resiliency and enhance energy efficiency. Created around the non-replicable presence of the mature oak on the property that stands out as a unique feature seldom seen in other new construction homes. The house is built off-grade on concrete foundation pillars and showcases a resilient aluminum metal roof built for longevity in the coastal environment.
This home's custom architecture defines coastal luxury with a modern aesthetic. The interior's elegant custom finishes give a refined feel in every room, with hand-selected high-end, brand name plumbing fixtures, tile and lighting throughout. With every bedroom featuring a walk-in closet, staircase bonus storage space, and a dedicated laundry area --you have all the space you could need!
An oversized quartz kitchen island with waterfall edge, undermount cabinet lighting, sophisticated accent wall in the living room and refined, custom two-tone cabinetry -- you'll want to entertain guests every night! Large, operable windows give the home an abundance of natural light. Relax on the covered front porch under the trees and take in the ocean air. A luxurious, one-of-a-kind tiled outdoor shower awaits you out back. The private well and irrigation make caring for this luscious landscape a breeze. The detached garage allows for two vehicles and ample storage of all your extras! There was nothing left out on this amazing new construction--it truly is a must see!
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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 |
|---|---|---|---|
| Jan 3, 2025 | Sold | ||
| Sold | |||
| Oct 10, 2024 | In contract | - | |
| In contract | |||
| Sep 26, 2024 | Price Decreased |
$2,330,000
↓ $120K
(4.9%) | |
| Price Decreased | |||
| Aug 8, 2024 | Price Decreased |
$2,450,000
↓ $85K
(3.4%) | |
| Price Decreased | |||
| Jul 11, 2024 | Price Decreased |
$2,535,000
↓ $90K
(3.4%) | |
| Price Decreased | |||
Property Highlights
Building Info
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About Beaches
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$2,500 /mo
- 2 Beds
- 1 Bath
- 1,161 ft²
$2,500 /mo
- 3 Beds
- 2 Baths
- 1,144 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017