239 Monterey 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%.
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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 |
|---|---|---|---|
| May 30, 2025 | Sold | ||
| Sold | |||
| Apr 18, 2025 | In contract | - | |
| In contract | |||
| Sep 16, 2024 | Listed by Douglas Elliman | $13,950,000 | |
| Listed by Douglas Elliman | |||
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This ultra-chic, new construction four bedroom, five and one half bathroom residence rests on a 10,200 sf lot within a desirable North End neighborhood, including a renovated beach parcel access. Boasting sophisticated customizations throughout, the gracious floor plan offers vaulted ceilings, open living and dining spaces, and a primary bedroom suite on the main level with double bathrooms and generous closets. The second level features three private en-suite bedrooms with custom closets and spa-inspired bathrooms. The top-of-the-line finishes include European Oak flooring SubZero, Wolf, and Cove appliances, curated light fixtures, and custom multi-slide doors. The pristine exterior offers an outdoor summer kitchen with a gas grill and fireplace, trellised entertainin areas, a pool and spa, two-car garage, & a generator.
DISCLAIMER: The written and verbal information provided including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all information. Prospective purchasers' use of this or any written and verbal information is acknowledgement of this disclaimer and that Prospects shall perform their own due diligence. Prospective purchasers shall not rely on any written or verbal information provided when entering a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. Copyright 2023 Listing Company. All Rights Reserved.
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| Mar 29, 2021 | Sold | ||
| Sold | |||
| Feb 5, 2021 | Listed by Douglas Elliman | $7,400,000 | |
| Listed by Douglas Elliman | |||
Property Highlights
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017