3 Ormond Place
About This Property
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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 |
|---|---|---|---|
| May 19, 2025 | Sold | ||
| Sold | |||
| Mar 2, 2025 | In contract | - | |
| In contract | |||
| Feb 15, 2025 | Listed by Douglas Elliman Real Estate | $2,075,000 | |
| Listed by Douglas Elliman Real Estate | |||
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A rare opportunity to own a home in Rye’s highly sought-after Milton Point Peninsula. This meticulously updated Tudor home offers a perfect mix of old-world charm and modern sophistication. As you enter, you’re welcomed by an expansive living room with high ceilings, beautiful wood exposed beams, an impressive gas fireplace, and oversized windows that bathe the space in warm, southern sunlight.
The heart of the home is the brand-new kitchen, designed by JWH, where every detail has been thoughtfully crafted. From the state-of-the-art appliances to the sleek granite countertops and custom cabinetry, including an extra-large pantry, this kitchen is a true culinary haven. The adjoining dining area, with bespoke cabinetry and a set of elegant sliding doors, leads you to a bright patio that overlooks the beautifully landscaped backyard—a serene spot to unwind.
On the second floor, you’ll find two generously sized bedrooms that share a fully renovated bathroom featuring stylish designer tiles and custom JWH cabinetry. The standout primary suite has been expanded with a newly added dormer, providing ample space for a large closet, a private office nook, and a luxurious en-suite bathroom. This spa-inspired bathroom includes radiant floor heating, a marble tiled bathroom, glass shower, and a custom vanity designed to perfection.
Throughout the home, high-end fixtures, hardware, and materials are evident in every room, with custom built-in bookshelves featured throughout.
The outdoor space is equally impressive, with lush, private gardens that evoke the charm of the Cotswolds. Mature trees and thoughtfully placed plantings enhance the peaceful, secluded feel of the property, while a new irrigation system keeps the yard vibrant year-round.
Located just moments away from Rye Town Park, Milton Elementary School, Long Island Sound, and the Rye Marina, this home offers the ultimate in convenience. Whether you’re commuting to NYC or enjoying the local amenities, everything is just a short distance away. With its prime location and impeccable finishes, this stunning home won’t last long on the market.
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| Jul 1, 2024 | Sold | ||
| Sold | |||
| Jun 8, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017