3900 Channel Place
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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.
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 |
|---|---|---|---|
| Sep 4, 2018 | Sold | ||
| Sold | |||
| Mar 1, 2018 | Listed by Coldwell Banker Res. Brokerage | $5,999,000 | |
| Listed by Coldwell Banker Res. Brokerage | |||
| Jul 29, 2017 | Listed | $6,500,000 | |
| Listed | |||
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This gracious Newport Island bayfront estate home is situated on three of the island’s finest lots and features spectacular water views, 90’ of bay frontage at the widest part of the channel, a private pier and slip and lush tropical landscaping. Recently improved, this classic mid century custom home features a huge waterside great room with dual fireplaces, rich mahogany paneling and walls of glass; an updated kitchen with new stainless steel appliances and marble countertops, an informal dining area with indoor BBQ, parquet hardwood flooring, Main level Master suite, an office, powder bath and a two car garage. Upstairs the home features a suite with a private marble bath and retreat, built-in bookcases and stained glass. The home is surrounded by private gardens, mature palm trees, a meandering brick pathway, and a private gated loggia courtyard entry with Arizona flagstone. Opportunities abound, live in the home as-is or redevelop the property to several homes. The city of Newport Beach already recognizes the property as three lots as they were not combined to build the current estate home. The current boat dock can accommodate a vessel to 50 feet! This multi-generational property has been owned by the same local prominent family for over 50 years.The manager has listed the unit size as 3937 square feet.
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| Jul 9, 2017 | Listed | $6,500,000 | |
| Listed | |||
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This gracious Newport Island bayfront estate home is situated on three of the island’s finest lots and features spectacular water views, 90’ of bay frontage at the widest part of the channel, a private pier and slip and lush tropical landscaping. Recently improved, this classic mid century custom home features a huge waterside great room with dual fireplaces, rich mahogany paneling and walls of glass; an updated kitchen with new stainless steel appliances and marble countertops, an informal dining area with indoor BBQ, parquet hardwood flooring, Main level Master suite, an office, powder bath and a two car garage. Upstairs the home features a suite with a private marble bath and retreat, built-in bookcases and stained glass. The home is surrounded by private gardens, mature palm trees, a meandering brick pathway, and a private gated loggia courtyard entry with Arizona flagstone. Opportunities abound, live in the home as-is or redevelop the property to several homes. The city of Newport Beach already recognizes the property as three lots as they were not combined to build the current estate home. The current boat dock can accommodate a vessel to 50 feet! This multi-generational property has been owned by the same local prominent family for over 50 years.The manager has listed the unit size as 3937 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017