4348 Middlesex Drive
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 |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Feb 4, 2026 | In contract | - | |
| In contract | |||
| Jan 14, 2026 | Listed by Red Rhino Realty, Inc. | $4,995,000 | |
| Listed by Red Rhino Realty, Inc. | |||
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Welcome to the most spectacular estate to ever come to market in Kensington. A once in a lifetime opportunity to own a stunning Spanish-style residence with the coveted Mills Act in place! This rare offering represents a masterful blend of architectural heritage and modern luxury. Spanning over 6,000 sq. ft. total, the main residence includes 4 bedrooms and 5 bathrooms, complemented by a detached guesthouse. Designed for elevated living and unforgettable entertaining, the home rests on a rare flat, and fully usable double lot just under 20,000 sq. ft. Fully pocketing retractable glass doors in the living room open to a sweeping green lawn, an infinity-edge pool with grotto and unobstructed jaw-dropping views- creating a truly magical backdrop day and night. The chef's kitchen is outfitted with high-end appliances including an Italian ILVE Range, Wolf Oven and Sub-Zero Refrigerator and is complemented by a separate dedicated bar-ideal for hosting at any scale.The Primary suite is a standout, featuring a remarkable dual steam walk-in shower with integrated touchscreen controls and built-in speakers along with two exceptionally large walk-in closets-an uncommon luxury for a property of this age and location. Executed to the highest standard, this estate sets a new benchmark for historic luxury living in Kensington.
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| May 30, 2014 | Sold | ||
| Sold | |||
| May 5, 2014 | Listed by Park Life Real Estate | $1,399,000 | |
| Listed by Park Life Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017