409 39th Street
About This Property
This newly constructed custom home offers panoramic views from its rooftop retreat, designer finishes throughout, and a spacious layout designed to accommodate daily family life or entertaining a crowd. Amenities include: European Oak wide-plank flooring, Italian Marble countertops, custom cabinetry and finish carpentry throughout. A zero point retractable door system creates a seamless transition for indoor/outdoor living. This quintessential beach house offers an updated take on classic finishes within the ideal setting-truly a must see!
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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 |
|---|---|---|---|
| Jul 9, 2025 | In contract | - | |
| In contract | |||
| Jul 9, 2025 | Sold | ||
| Sold | |||
| Jun 17, 2025 | Price Decreased |
$4,995,000
↓ $300K
(5.7%) | |
| Price Decreased | |||
| Apr 29, 2025 | Price Decreased |
$5,295,000
↓ $200K
(3.6%) | |
| Price Decreased | |||
| Feb 10, 2025 | Listed by Pinpoint Properties | $5,495,000 | |
| Listed by Pinpoint Properties | |||
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Coastal elegance meets modern luxury on the exclusive Newport Island. Tucked away in a serene and private enclave, this stunning beach home offers an unparalleled lifestyle, mere steps from the sand and a quick bike ride to the chic boutiques and world-class shopping and dining of Lido Marina Village. Built with keen attention to detail, this custom abode features soaring ceilings, European Oak wide-plank flooring throughout and offers seamless indoor-outdoor living with retractable doors that open to the ocean breeze. A charming Dutch door welcomes you into a bright, airy foyer with custom-built bench seating and stylish shiplap accents. The main living area opens up to a serene island-style patio offering space to lounge fireside or unwind in the outdoor spa. The gourmet kitchen boasts honed Carrera marble countertops, an oversized island, a six-burner stove, built-in white oak buffet, and a walk-in pantry. Upstairs, you’ll find a second living area with rich wood cabinetry, a laundry room, and four spacious bedrooms. A generous primary suite showcases vaulted ceilings, a stately fireplace, and a resort-inspired bathroom with dual vanities and a soaking tub. The expansive rooftop deck, equipped with a built-in BBQ, sink, and refrigerator, offers plentiful space for year-round coastal entertaining. Experience the best of coastal living in this thoughtfully designed Newport Island retreat, where style, comfort, and tranquility await.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017