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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 |
|---|---|---|---|
| Jul 14, 2022 | No longer available | - | |
| No longer available | |||
| Jun 12, 2022 | In contract | - | |
| In contract | |||
| May 31, 2022 | Listed by Villa Real Estate | $5,295,000 | |
| Listed by Villa Real Estate | |||
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Situated on one of the largest lots on a coveted tree-lined street in the guard-gated community of Bonita Canyon, this exceptional villa-inspired property balances beautiful interiors and entertainer’s delight. Refreshed in recent years, the nearly 5,400 sq. ft. home features a living room with marble fireplace, dining room and butler’s pantry, office, wine room, gourmet kitchen and great room on its mail floor. The open kitchen is masterfully designed with top-of-the-line appliances, quartzite countertops, a large center island, and maximum pantry and cabinet storage. Upper living areas include a large primary suite with seating area, generous walk-in closet, his-and her vanities and balcony, in addition to three secondary suites, each with their own bathroom. The home’s exteriors are equally impressive and fashioned with an array of amenities that will excite most – a swimming pool with waterslide, swim up bar, sauna, trampoline, and separate guest house with murphy beds, wet bar, and theater seating. The long private driveway, which can accommodate parking for four, leads to a 4-car garage, currently outfitted as a state-of-the-art gym. Bonita Canyon is a prominent gated community in Newport Beach. Home ownership includes 24-hour guard gated security and access to the community pool, playground facilities, walking paths, and tennis court. The manager has listed the unit size as 5320 square feet.
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| Sep 3, 2020 | No longer available | - | |
| No longer available | |||
| Jul 19, 2020 | Listed | $4,350,000 | |
| Listed | |||
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This beautifully upgraded executive home sits on one of the largest interior cul de sac parcels within the guard-gated community of Bonita Canyon. An impressive facade, featuring new exterior paint & light fixtures welcome you home. Once inside, you're greeted with high ceilings & a bright, airy floor-plan. Enter into the formal dining room & lounge, pass the wine cellar leading to the large great room, new porcelain tile floors grace every step as you make your way to the private turf landscaped, private resort style backyard oasis. Designed for the ultimate entertainer, enjoy your sparkling pool with water slide, swim-up bar, built-in BBQ/seating area, gas fire place & sauna all behind the gated private driveway where you will find your spacious 4 car garage. Enjoy cooking in your upgraded chef's kitchen, complete with quartzite counters, new cabinet hardware, faucets, tile backsplash, Viking appliances & spacious walk-in pantry. The upper living area hosts the expanded primary bedroom suite & 3 large secondary en-suite bedrooms. The open master bedroom features intimate seating area, spacious walk-in closet, dual vanities and balcony overlooking the backyard. Upgrades include a newly installed gas line to the fireplace, freshly painted bathroom cabinets with new hardware. Relax in your very own movie retreat complete with reclining chairs, movie screen, wet bar, full bathroom & 2 Murphy beds.This one of a kind masterpiece truly has it all, the only thing missing is you. The manager has listed the unit size as 5336 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017