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23 Madison Lane
About This Property
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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 |
|---|---|---|---|
| Aug 27, 2024 | Sold | ||
| Sold | |||
| Aug 13, 2024 | Price Decreased |
$2,050,000
↓ $130K
(6%) | |
| Price Decreased | |||
| Jun 12, 2024 | Listed by Harvest Realty Development | $2,180,000 | |
| Listed by Harvest Realty Development | |||
| | |||
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Welcome to 23 Madison Ln, a beautiful home overlooking the 6th hole of the Coto de Caza Golf & Racquet Club South Course. This spacious property features 5 bedrooms, 4.5 bathrooms, and a detached casita perfect for an office, guest room, or game room. Large windows, French doors, and high ceilings make this home bright and inviting.
The kitchen offers plenty of storage and a small desk area, opening to a cozy family room with custom built-ins. The first floor has a bedroom with its own bath, while upstairs includes the master suite with a large bath and separate closets, plus three additional bedrooms—one with its own bath and two sharing a "Jack & Jill" bath.
The backyard has mature trees, garden boxes, and fruit trees, offering stunning sunset views. It also features a firepit and seating areas. Located in the gated Coto de Caza community, enjoy access to two golf courses, horse trails, a clubhouse, tennis courts, gym, pool, spa, and BBQ facilities. This is an ideal family home in a prime location.
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| Feb 28, 2020 | Sold | ||
| Sold | |||
| Aug 13, 2019 | Listed by Keller Williams Realty | $1,149,000 | |
| Listed by Keller Williams Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017