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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.
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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 14, 2018 | No longer available | - | |
| No longer available | |||
| Jul 11, 2018 | Sold | ||
| Sold | |||
| Jun 18, 2018 | Listed | $2,598,000 | |
| Listed | |||
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Located in the exclusive guard-gated community of Newport Ridge North, this four-bedroom estate spans approx. 3,264 sq. ft. and rests on an oversized corner lot with impeccably manicured grounds. A grand corridor leads you through the recently remodeled open floor plan with immeasurable modern luxuries and updated fixtures. The gourmet kitchen opens up to a charming family room and includes state-of-the-art appliances, elegant wood finishes, a center island, and a breakfast nook with French doors leading to the rear grounds. Other main floor amenities include a bedroom with an en-suite bathroom, a private office, a formal dining room and living room. The second level features two bedrooms and an updated master retreat with a balcony and a remodeled bathroom with dual sinks, a stand-alone waterfall shower/ steam room, and a spa-like bathtub. The backyard has a wraparound terrace with a pool and spa, a built-in barbeque, and al fresco dining. Other notable characteristics of the property include hardwood and tile flooring, a large laundry room, and an oversized gated private courtyard and driveway that provides, in addition to the three car garage, secure parking for two more cars. This stunning home is only moments away from all Newport Beach has to offer! The manager has listed the unit size as 3264 square feet.
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| Apr 3, 2018 | Listed by Surterre Properties Inc. | $2,598,000 | |
| Listed by Surterre Properties Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017