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233 Royal Place
About This Property
This Transitional Mediterranean residence offers approximately 5,253 square feet of finished living space across the basement, first, and second floors. Six bedrooms, four full baths, and two half baths are complemented by expansive living and dining areas with custom built-ins, plus a gourmet kitchen with premium appliances.
Outside, a gunite pool and cabana create resort-style living for summer entertaining. Highlights include a full basement for recreation and storage, a storage garage, and a primary suite with dual walk-in closets and an oversized spa-inspired bath.
A new-construction opportunity in a prime coastal locatio
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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 |
|---|---|---|---|
| Aug 19, 2026 | Listed by Cathy Ades Real Estate LLC | $3,799,999 | |
| Listed by Cathy Ades Real Estate LLC | |||
| Apr 28, 2025 | Sold | ||
| Sold | |||
| Jan 23, 2025 | In contract | - | |
| In contract | |||
| Oct 8, 2024 | Price Decreased |
$1,100,000
↓ $200K
(15.4%) | |
| Price Decreased | |||
| Jul 22, 2024 | Price Decreased |
$1,300,000
↓ $100K
(7.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017