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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 2, 2019 | Sold | ||
| Sold | |||
| Aug 14, 2018 | Listed by Villa Real Estate | $3,900,000 | |
| Listed by Villa Real Estate | |||
| Sep 2, 2017 | Listed | $4,750,000 | |
| Listed | |||
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The crown jewel of the posh Arezzo enclave in The Summit at Turtle Ridge. Perched on a nearly 13,000 sf lot with stunning panoramic sunrise, mountain, city light views, this residence encompasses 6,700+ sf and $1.5 million+ in upgrades. The largest home in this sought-after guard-gated community, the 5 bedroom, 5.5 bath property showcases an attention to detail and a level of finish that is incomparable. Highlights include an incredible custom kitchen with $120K in professional grade appliances including a pizza oven, EVO custom flat grill, built-in Scanomat top-brewing coffee machine. Lavish living spaces include formal living and dining rooms, family room, bonus room/loft with 96” flatscreen, California Room with La Cantina bifold doors, office, second level deck. An opulent master suite features views, spa bath and dual closets. Other amenities include a saltwater pool/spa, basement, 4 car garage for 8 cars and car lifts, solar panels ($0/month electric bill), Smart home technology, 400 amp electrical panel, new water/sewer mains. Association amenities include 2 resort-style pools, spa, gym, playgrounds, clubhouse, theater, hiking trails. Walking distance to award-winning Vista Verde Elementary/Middle school and nearby University High. The manager has listed the unit size as 6700 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017