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3803 Marcus Ave
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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 |
|---|---|---|---|
| Oct 5, 2026 | Listed by Pacaso Inc. | $1,425,000 | |
| Listed by Pacaso Inc. | |||
| Jun 15, 2025 | In contract | - | |
| In contract | |||
| May 21, 2025 | Price Decreased |
$1,500,000
↓ $250K
(14.3%) | |
| Price Decreased | |||
| Jan 28, 2025 | Listed | $1,750,000 | |
| Listed | |||
| | |||
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New Co-Ownership Opportunity: Own one-eighth of this professionally managed, turnkey home. Waterfront Newport Island living is made easy in this contemporary Farmhouse with 29 feet of frontage and a private dock. With paneled ceilings, wide-plank floors and great entertaining spaces inside and out, this home is the ultimate in casual chic. The main level offers sweeping water views from the great room with its sleek fireplace and glass doors opening to the private dock. The chef's kitchen has a waterfall edge island and a walk-in pantry, and is just steps from a bright dining area. Walk or take the elevator to the second level where three spacious bedrooms and en suite bathrooms await. The luxurious primary suite has a deck, vaulted ceilings, a fireplace and a barn door opening to the spa bathroom with a soaking tub, tiled shower and dual-sink vanity. Luxe extras include a bonus room, a dry sauna and a rooftop deck complete with a bar, spa, fire pit, grill, and an ice plunge barrel. The home, located close to Lido Marina Village and Fashion Island, comes fully furnished and professionally decorated.
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| Sep 27, 2024 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017