4501 Grimes Place
About This Property
Soaring ceilings, New AC & duct, New windows, New Driveway, rich architectural details, and refined finishes set the stage for grand living. The expansive formal living room, elegant great room, and sophisticated dining area are designed for both intimate gatherings and large-scale entertaining. Multiple fireplaces and three sets of French doors invite you to experience seamless indoor-outdoor flow to a series of expansive wraparound decks with commanding city vistas.
The chef's kitchen is a masterpiece in both form and function-featuring an oversized stone island, bespoke cabinetry, and top-tier appliances, ideal for culinary excellence and entertaining in style.
The lavish primary suite is a private sanctuary, featuring a spacious walk-in closet, dual vanities, and a sprawling balcony with sweeping views of the city skyline. Outside, the entertainer's dream continues with a resort-style pool and multiple sun-drenched decks encircling the estate-offering serene privacy and elevated luxury living. Additional 350 sq ft of deck space that can be use for personal relaxation.
This is more than a home-it's a statement. A rare offering of comfort, grandeur, and architectural distinction in one of the Valley's most prestigious locations.
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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 20, 2026 | Sold | ||
| Sold | |||
| Jan 8, 2026 | In contract | - | |
| In contract | |||
| Jan 6, 2026 | Relisted | $1,815,000 | |
| Relisted | |||
| Dec 6, 2025 | Price Decreased |
$1,815,000
↓ $75K
(4%) | |
| Price Decreased | |||
| Nov 6, 2025 | Price Decreased |
$1,890,000
↓ $200K
(9.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017