2516 Ella Lee Lane
About This Property
fine shopping and dining and adjacent to River Oaks; four bedroom, four full and two half bath home;
Formals with fabulous flow and an upstairs Primary bedroom, Media/Game Room; Contemporary and antique
lighting, wired for sound and security systems; Limestone flooring, clean white walls, antique and modern
light fixtures as well as scrupulously selected encaustic tile features, blend 21st century conveniences with
old world sensibilities; Three interior fireplaces, an abundance of natural light, the generous yet private yard
is spacious enough for a pool; covered patio with a custom designed wood burning Kiva fireplace;
Reclaimed and modern materials combined to enhance this home; clay tile roof with "ice and water shield";
Zoned 16 seer HVAC system, tankless water heater, fully fenced and electric driveway gate.
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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.
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 |
|---|---|---|---|
| Dec 28, 2023 | Sold | ||
| Sold | |||
| Jun 21, 2023 | Listed by Martha Turner Sotheby's International Realty | $3,295,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
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Inspired by the architecture and style of Seville Spain, this contemporary home is in Avalon, close to fine shopping, dining & adjacent to River Oaks. The entry is flanked by formal living & dining rooms, offering an excellent flow for entertainment. The wet bar w/ice maker & refrigerated drawers connects to a butler’s pantry that leads to the kitchen. Upstairs are the primary & guest bedrooms + a media/game room w/fireplace. Limestone flooring, clean white walls, antique and modern light fixtures as well as scrupulously selected encaustic tile features, blend 21st century conveniences with old world sensibilities. Three interior fireplaces, an abundance of natural light, generous yet private yard w/room for a pool; covered patio w/ a custom designed wood burning Kiva fireplace. Reclaimed & modern materials, clay tile roof with “ice and water shield”, Zoned 16 seer HVAC system, tankless water heater, fully fenced and electric driveway gate. Wired for sound and security systems.
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| Dec 23, 2020 | Sold | ||
| Sold | |||
| Nov 14, 2020 | Listed by Douglas Elliman Real Estate | $2,995,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Seville Spain inspired contemporary residence completed in 2020; located in Avalon, a short distance from
fine shopping and dining and adjacent to River Oaks; four bedroom, four full and two half bath home;
Formals with fabulous flow and an upstairs Primary bedroom, Media/Game Room; Contemporary and antique
lighting, wired for sound and security systems; Limestone flooring, clean white walls, antique and modern
light fixtures as well as scrupulously selected encaustic tile features, blend 21st century conveniences with
old world sensibilities; Three interior fireplaces, an abundance of natural light, the generous yet private yard
is spacious enough for a pool; covered patio with a custom designed wood burning Kiva fireplace;
Reclaimed and modern materials combined to enhance this home; clay tile roof with “ice and water shield”;
Zoned 16 seer HVAC system, tankless water heater, fully fenced and electric driveway gate.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017