34
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236 Pendleton Avenue
About This Property
Upon entering, the foyer opens to a formal living room with a fireplace, which flows into a bright sunroom overlooking the backyard. Adjacent is a dining room with a bay window that frames views of the pool and landscaped grounds.
The kitchen is equipped with top-of-the-line appliances, including a full-size Sub-Zero refrigerator and freezer, gas range, and custom range hood, and pendant lighting reclaimed from the Netherlands. A walk-in butler's pantry with a wine refrigerator and additional storage sits directly behind. A door leads from the kitchen to the backyard for easy access to the built-in grill/summer kitchen for easy outdoor entertaining.
A guest suite is privately situated off the two-car garage, ideal for visitors.
Upstairs, a large sitting room with walls of windows offers expansive views of the backyard and pool. All bedrooms feature vaulted, beamed ceilings, en-suite baths, and ample closets.
Throughout the home, high ceilings create a light and airy atmosphere. Custom details include European White Oak flooring, hand-selected Tuscan marble, and solid brass plumbing fixtures with a nickel finish.
The property is ideally located in close proximity to the Lake Trail, the ocean, The Breakers, and in town restaurants and shopping.
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Cap Rate Calculator
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 27, 2025 | Sold | ||
| Sold | |||
| Jul 15, 2025 | In contract | - | |
| In contract | |||
| May 13, 2025 | Price Decreased |
$12,200,000
↓ $1M
(7.6%) | |
| Price Decreased | |||
| Mar 25, 2025 | Price Decreased |
$13,200,000
↓ $700K
(5%) | |
| Price Decreased | |||
| Jun 13, 2023 | Listed by Sotheby's Intl. Realty, Inc. | $13,900,000 | |
| Listed by Sotheby's Intl. Realty, Inc. | |||
Property Highlights
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About Reverie
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017