3 Shell Beach
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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%.
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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 |
|---|---|---|---|
| Sep 21, 2020 | Sold | ||
| Sold | |||
| Dec 15, 2019 | Listed by Luxe Real Estate | $12,995,000 | |
| Listed by Luxe Real Estate | |||
| Oct 1, 2019 | No longer available | - | |
| No longer available | |||
| Sep 28, 2019 | Listed | $16,800,000 | |
| Listed | |||
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Designating a class of its own, this incredible residence situated on an unparalleled ocean-view lot of nearly half acre, this glorious Italian-style residence encompasses 10,227 sqft of living space, five bedroom suites, a detached one-bedroom Casita and a home office, with furniture and amenities hand-selected for beauty and quality. Accentuating the home's distinctiveness are its pocketing doors that creates seamless indoor/outdoor transitions between the great room and the spectacular veranda with curved arches, maximizing panoramic views of the Pacific, coastline, harbor, Catalina, city lights and year-round sunset. The second-floor master suite boasts unobstructed coastal views, a fire place and a spa-style bath with dual walk-in closets. Interior highlights also include a marvelous climate-control wine cellar and a spacious butler's kitchen on the lower level. The third story is perfect for a workout room or art studio. This highly-upgraded residence is complemented by smart home automation, indoor/outdoor sound system, extensive lawns, a refreshing pool, a separate spa with ornate tile detail and a four-car garage. Residents of the gated Crystal Cove community enjoy convenient access to abundant resort-style amenities at Canyon Club Community Cent The manager has listed the unit size as 10227 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017