338 Westminster Drive
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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 |
|---|---|---|---|
| Dec 29, 2020 | Sold | ||
| Sold | |||
| Jul 8, 2020 | Listed by Martha Turner Sotheby's | $1,620,000 | |
| Listed by Martha Turner Sotheby's | |||
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A rare Fabulous New Orleans Creole Style home with 3 fireplaces, custom built by previous owner and updated by the current owners with interiors by Don Connelly is nestled on a 19,000+ lot with sparkling pool and plenty of green space. The grand foyer leads you to spacious formals and creates a wonderful flow for entertaining! The dining room with hardwood floors has corner niche’s for China. Updated island kitchen has stainless gas range, double ovens and built-in refrigerator, breakfast and workstation. Upstairs primary bedroom has a large balcony that overlooks the side gardens. Master bath has carrera marble, double sinks, dual closets and separate tub and shower. The 3 generous sized secondary bedrooms have en-suite and Hollywood baths. Outdoor grounds with mosquito system has covered loggias off living and family room and another covered loggia for outdoor entertaining near pool. 2 car detached garage with additional motor court and electric privacy gate. A true gem!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017