254 Rees Street
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jan 30, 2026 | Sold | ||
| Sold | |||
| Jan 29, 2026 | Listed by Compass | $3,700,000 | |
| Listed by Compass | |||
| Aug 17, 2023 | No longer available | - | |
| No longer available | |||
| Jul 20, 2023 | In contract | - | |
| In contract | |||
| Jul 14, 2023 | Listed by Compass | $3,495,000 | |
| Listed by Compass | |||
| | |||
|
Exquisite Spanish Colonial nestled on an expansive hilltop lot, offering breathtaking views of the ocean, the Marina & Malibu. Constructed in 1925 and extensively remodeled in 2018, this one of a kind property features 4 spacious bedrooms, 4.5 bathrooms and a bonus private guest space/office atop Playa's coveted northwest "Palisades del Rey" bluff. Marvel at the high ceilings, graceful archways, floor-to-ceiling fireplace and spectacular picture windows that provide stunning vistas of the coast. The formal dining room is filled with character featuring stained glass windows, through which the setting sun over the Marina becomes dinner time's main attraction. The light-filled kitchen is outfitted with beautiful hickory cabinets, Thermador appliances, gorgeous quartzite countertops and a charming breakfast nook. The additional family room is perfect for indoor-outdoor entertaining with wall-to-wall accordion doors that open to a sprawling backyard. Retreat to the primary bedroom suite, complete with built-in wood cabinetry decorated with stained glass panels, a cozy fireplace, and a private balcony where you can experience towering views, holiday parades, and fireworks on the 4th of July. This full smart home is the perfect entertainment hub for hosting guests, with its powerful Sonos system providing a multi-dimensional soundscape throughout. Just a few strides away from the beach, volleyball courts, bike paths, shops and restaurants, this unique residence is in the perfect location to immerse yourself in the epitome of a luxurious coastal lifestyle, where elegance and sophistication meet blissful relaxation. The manager has listed the unit size as 3480 square feet.
| |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017