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368 Germain Avenue
About This Property
With preferred southern and westerly panoramic bay views from this oversized lot capturing the essence of elegant coastal living with spectacular sunsets. Step inside and be captivated by the light-filled open layout, soaring ceilings with designer wood beams, and expansive water views from nearly every room. The gourmet kitchen has custom cabinetry with quartz tops, 2 SubZero freezer drawers in the butlers pantry and professional-grade appliances, 80-bottle wine cooler, a dream for any chef. Spacious 3 bedrooms + den/office and 4.5 baths, including two primary suites one on each level. Each bedroom is ensuite, with a new main-level owner's suite and spa-style bath. The upper-level suite features a private balcony overlooking the bay, perfect for morning coffee or evening sunsets. Or Consider repurposing the upstairs second owner's suit into a multiple bed dorm area for kids or grandkids to have as their own sanctuary. Enjoy your private resort-style oasis complete with a heated pool, fire pit, lush tropical landscaping, and dramatic lighting. The grandfathered-in covered boathouse complete with 15,000 lb lift with an upper observation deck is truly one of a kind-ideal for entertaining, dining under the stars, or simply taking in breathtaking views of the wide bay. The climate-controlled two-car garage includes custom cabinetry, a sink, refrigerator and additional storage. All living areas are elevated above flood levels, with water-resistant finishes for peace of mind. This is more than a home-it's a lifestyle. Walk or bike to white sugar sand Beach, The Ritz, LaPlaya, Turtle Club, and Mercato for world-class plethora of dining and shopping. Watch the dolphins play, the pelicans glide, and sunsets light up the bay. The ultimate in boating from your own backyard. Home could be offered turnkey furnished.
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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 29, 2026 | Sold | ||
| Sold | |||
| Apr 20, 2026 | In contract | - | |
| In contract | |||
| Feb 14, 2026 | Price Decreased |
$3,525,000
↓ $425K
(10.8%) | |
| Price Decreased | |||
| Nov 3, 2025 | Listed by John R Wood Properties | $3,950,000 | |
| Listed by John R Wood Properties | |||
| Jun 1, 2025 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017