39
Map
370 Summer Street
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 |
|---|---|---|---|
| Aug 20, 2026 | Price Decreased |
$6,900,000
↓ $1M
(12.7%) | |
| Price Decreased | |||
| Jun 26, 2026 | Listed by Compass | $7,900,000 | |
| Listed by Compass | |||
| Feb 15, 2026 | No longer available | - | |
| No longer available | |||
| Nov 19, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Apr 15, 2025 | Listed by Douglas Elliman Real Estate - The Sarkis Team | $8,200,000 | |
| Listed by Douglas Elliman Real Estate - The Sarkis Team | |||
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Perched atop a wooded ridge 150 feet above sea level, 370 Summer St. is a bold, architecturally distinct contemporary home offering unmatched privacy, dramatic ocean views, and direct access to over 2,000 acres of protected conservation land without ever crossing a road. Designed by Marcus Gleysteen of MGA and featuring interiors by Lena Fransioli of Zoe Design, this one-of-a-kind residence is as much a retreat as it is a work of art. Large, glass floor to ceiling windows fill the home with natural light and sweeping water views. Set on a serene, wooded 12.8-acre lot abutting Hooper Trask conservation, the property is a haven for nature lovers and peace and quiet. No wetlands and minimal upkeep ensure you spend more time enjoying your surroundings. Located in the heart of Cape Ann, this renowned beach community offers access to Singing Beach, boating, hiking, and more. Enjoy top-ranked schools and a lifestyle immersed in coastal beauty and natural wonder, all just North of Boston.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017