46 Tea Garden
About This Property
The open layout flows effortlessly, with a spacious living room featuring a cozy fireplace, hardwood floors, and fresh paint throughout. The kitchen boasts wood cabinetry, granite countertops, a built-in range, and stainless steel appliances, opening to a dining area. French doors lead to the wraparound patio, perfect for indoor-outdoor entertaining and relaxing under trees.
Upstairs, the second primary suite offers comfort and privacy, accompanied by a spacious loft with a built-in desk and deck access with serene park views, ideal for a work-from-home space.
Located within the highly acclaimed Irvine School District and just steps from the community park, clubhouse, and resort-style pool, this home offers 24-hour gated security-making it a rare opportunity that combines luxury, privacy, and an unbeatable location.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 12, 2025 | Sold | ||
| Sold | |||
| Nov 15, 2025 | In contract | - | |
| In contract | |||
| Oct 15, 2025 | Listed by The Agency | $1,549,000 | |
| Listed by The Agency | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/15/2025
| |
3 Bed
|
3 Bath
|
2121 ft²
|
$1,549,000
3 Bed
3 Bath
2121 ft²
|
$1,537,000
-0.77%
12/12/2025
|
Sarah Mejia
Real Estate eBroker Inc
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017