27
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435 South Mayhew
About This Property
Listed By
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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.
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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 |
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| Jun 8, 2026 | Listed by KW Coastal and Lakes & Mountains Realty/Wolfeboro | $2,595,000 | |
| Listed by KW Coastal and Lakes & Mountains Realty/Wolfeboro | |||
| Feb 25, 2026 | Listed by KW Coastal and Lakes & Mountains Realty/Wolfeboro | $2,899,000 | |
| Listed by KW Coastal and Lakes & Mountains Realty/Wolfeboro | |||
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Introducing The Kelby Motel - a fully reimagined 10-unit boutique motel, with deeded lake access sits on 19.5 acres overlooking the crystal-clear waters of Newfound Lake in the heart of New Hampshire’s Lakes Region. Framed by sweeping mountain views at the foothills of the White Mountains, The Kelby offers a rare combination of pristine natural surroundings, elevated design, and scalable investment potential. Current ownership executed a comprehensive transformation, rebuilding and expanding the property with a focus on durability, operational efficiency, and elevated guest experience. The 10 redesigned guest rooms, curated lounge, and full coffee shop showcase a refined Nordic-inspired aesthetic, truly a design-forward hospitality concept that resonates with today’s lifestyle traveler. In just two seasons, The Kelby has established itself as a sought-after boutique destination with proven demand and consistent year-over-year growth. The property is fully turnkey, providing immediate operational continuity for investors and entrepreneurs while preserving significant upside. With 19.5 acres, the opportunity extends well beyond the existing improvements. Year-round demand is driven by premier summer recreation on Newfound Lake, renowned fall foliage, and convenient access to hiking, boating, and winter sports. More than a motel, The Kelby is a thoughtfully built hospitality platform positioned within one of New England’s most supply-constrained lake markets ...... a rare and compelling commercial opportunity with both lifestyle appeal and long-term real estate fundamentals.
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| Aug 25, 2020 | No longer available | - | |
| No longer available | |||
| Mar 9, 2020 | Relisted | $599,000 | |
| Relisted | |||
| Mar 7, 2020 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017