4 Philips Lane
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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 |
|---|---|---|---|
| Jun 20, 2024 | Sold | ||
| Sold | |||
| Mar 23, 2024 | In contract | - | |
| In contract | |||
| Mar 14, 2024 | Listed by Julia B Fee Sothebys Int. Rlty | $6,895,000 | |
| Listed by Julia B Fee Sothebys Int. Rlty | |||
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A remarkable waterfront property situated in a highly desirable cul-de-sac on Milton Point, offering awe-inspiring views of Long Island Sound that are equally captivating at any time of the day. This home seamlessly combines luxury, comfort, and convenience, making it a must-see for those in search of an outstanding waterfront lifestyle, close to both nature and urban amenities. With an open-flow design facilitating a smooth transition between indoor and outdoor areas, it provides ample space for entertaining, extending from the chef's kitchen to the outdoor barbecue area. Featuring five bedrooms, each with its own bathroom, this home offers both privacy and a practical layout tailored to your needs.This unique residence offers an unparalleled lifestyle, boasting panoramic views, water access and in-ground salt water pool for various water sports; plus the contemporary custom design by Lorono Homes. With a mere 45-minute commute from the heart of Manhattan, it provides convenient accessibility. Located near Rye downtown, schools, parks, beaches, and clubs, this exceptional home is truly special and not to be overlooked!
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| Nov 22, 2019 | Sold | ||
| Sold | |||
| Oct 9, 2019 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017