40
Map
450 Penfield Road
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%.
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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 |
|---|---|---|---|
| Nov 14, 2025 | Sold | ||
| Sold | |||
| Oct 19, 2025 | In contract | - | |
| In contract | |||
| Oct 9, 2025 | Listed by Higgins Group Real Estate | $2,999,000 | |
| Listed by Higgins Group Real Estate | |||
| Aug 14, 2025 | Price Decreased |
$3,100,000
↓ $150K
(4.6%) | |
| Price Decreased | |||
| May 14, 2025 | Listed | $3,250,000 | |
| Listed | |||
| | |||
|
New Construction in coveted BEACH AREA! This 4,000 sqft custom Colonial blends coastal charm with modern luxury-just a short walk to Penfield Beach, Fairfield Beach Club, vibrant downtown, the train, and top-rated schools. With 5-6 bedrooms, 4.5 baths, and 3 finished levels, this elevator-ready home offers exceptional design, flow, and comfort. The open concept kitchen is both functional and beautiful -with top of the line appliances, custom cabinetry, walk in pantry and Quartz countertops. The dining area has sliders to a spacious deck while the living room is the perfect space for entertaining or quiet night in. A butler's pantry with wet bar and second dishwasher leads to a sun-filled flex room with fireplace-ideal for movie night or entertaining. Upstairs, the serene primary suite includes a spa-like bath with soaking tub, heated floors, two walk-in closets, and a Juliet balcony-perfect for taking in the breeze and the gentle sounds of nature. Two additional bedrooms enjoy private en-suite baths. The third floor offers 2 more bedrooms, a full bath, and a bonus space perfect for guests, an office, or a playroom. Enjoy quiet mornings on the covered third floor deck. Outside, enjoy a beautifully landscaped yard with room for a pool or garden. The covered Le Nai is designed for year-round use-great for entertaining, lounging, or a home gym. A 2-car garage with tandem space offers ample parking. From beach walks to downtown dinners, this isn't just a home- it's a lifestyle!
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About Fairfield
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$10,000 /mo
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$7,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017