3216 SERRA ROAD
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 5, 2020 | Sold | ||
| Sold | |||
| Feb 20, 2020 | Listed by Compass | $6,995,000 | |
| Listed by Compass | |||
| Oct 4, 2019 | No longer available | - | |
| No longer available | |||
| Aug 21, 2019 | Listed | $7,300,000 | |
| Listed | |||
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Stunning architectural in guard-gated Serra Retreat with spacious bright interiors and great flow. Most rooms face onto tropical plantings, lawn, and pool/spa terrace. Two steps lead down to great room with living/dining areas and disappearing Fleetwood doors to huge dining/entertaining pavilion. Double doors open to state-of-the-art home theatre. Another large space includes family area, breakfast/lunch dining area, and gourmet Bulthaup kitchen with L-shaped eat-in island, Miele appliances, and wine storage. Also on main level: en-suite maid's/guest/office, laundry room. Upstairs, three en-suite bedrooms include owner's suite with high ceiling, fireplace, two walk-ins, luxe bath, and private deck overlooking pool terrace and gardens. Above the two-car garage there is also a guest suite with built-in day bed, bath, and peekaboo ocean view patio. With an automated gate and Crestron home automation throughout, this is a property of exceptional quality & beauty in an unbeatable location.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017