228 Pine Canyon Road
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 |
|---|---|---|---|
| Jun 25, 2026 | Sold | ||
| Sold | |||
| Jun 15, 2026 | In contract | - | |
| In contract | |||
| Jun 3, 2026 | Listed by Coldwell Banker/Gay Dales | $1,499,000 | |
| Listed by Coldwell Banker/Gay Dales | |||
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Jun 26, 2024 | Listed by Coldwell Banker/Gay Dales | $799,900 | |
| Listed by Coldwell Banker/Gay Dales | |||
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Stunning home situated to capture expansive views of Salinas Valley. Under construction, opportunity for a buyer to take over the completion of this home and customize to their liking. The open-concept layout exudes a sense of spaciousness and modernity, enhanced by the presence of Anderson windows that flood the interior with natural light.While the gas fireplace awaits installation to create a cozy focal point, the property already boasts roof, framing, and most of the plumbing and electrical work completed. Sale includes plans for the fireplace installation, as well as drawings for kitchen and bathroom cabinets, allowing for personalized finishes. 3 bedrooms and 2.5 bathrooms, with an additional dressing room for added convenience. Two balconies provide outdoor relaxation spaces with breathtaking views. Noteworthy is the inclusion of an elevator shaft, providing the option for future installation, along with a downstairs storage area plumbed for a bathroom, perfect for potential conversion into an (ADU). A standout features is its amazing panoramic views of the Salinas Valley, visible from almost every room in the home. Embrace the opportunity to put your personal touch on this dream residence and enjoy unparalleled vistas in a space designed for comfort and luxury.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017