46 Lyme Street
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.
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 |
|---|---|---|---|
| Nov 13, 2025 | Sold | ||
| Sold | |||
| Oct 17, 2025 | In contract | - | |
| In contract | |||
| Sep 2, 2025 | Listed by William Pitt Sotheby's Int'l | $579,000 | |
| Listed by William Pitt Sotheby's Int'l | |||
| Apr 1, 2025 | Price Decreased |
$579,999
↓ $79K
(12%) | |
| Price Decreased | |||
| Nov 21, 2024 | Listed | $659,000 | |
| Listed | |||
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Nicely located in the center of Old Lyme's historic village, the home is ideally connected to the Old Lyme art community & the quintessential New England era lifestyle. Prior to being most recently purchased in 2020, it had been within the same family for over 100 years. As you enter the fully covered screened front porch, you'll quickly realize that it's ideal for entertaining or just simply relaxing! Once stepping into the main foyer from the porch, you're greeted by early 20th century craftsmanship with the original trim & moldings as well as 6 panel doors with period hardware. The living room, dining room with fireplace & office/study with high ceilings and hardwood floors flow together nicely. The ambient light flows through the country kitchen with it's adjacent butlers pantry with laundry, half bath & small enclosed porch with back exterior staircase. Then upper level sleeping quarter offers 4 bedrooms, a study, ideal as a small 5th bedroom and 2 baths. The primary bedroom includes a walk-in closet/dressing room & all rooms on this level feature hardwood flooring. Recent improvements include the remodeled kitchen & baths, new hardwood flooring, newer windows, a Buderus boiler & updated 200 amp electrical service. Other amenities include a 1 car garage, full basement and attic space, all ideal for storage. Walk to all the village attractions or take a bike ride or short drive to the exceptional Old Lyme beaches!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017