5 Raleigh 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%.
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 |
|---|---|---|---|
| Mar 5, 2025 | Sold | ||
| Sold | |||
| Feb 14, 2025 | In contract | - | |
| In contract | |||
| Jan 22, 2025 | Listed by Coldwell Banker Realty - Hingham | $2,100,000 | |
| Listed by Coldwell Banker Realty - Hingham | |||
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"Old Rexhame" speaks for itself, and this "once in your lifetime" offering located at 5 Raleigh Road is no exception. One of the original Country Club Cottages, this spectacular property is steps to the beach and offers water views with the feel of Nantucket or the vibe of the Vineyard. This is a grand coastal property built in 1890 that totals 10 rooms, 5 bedrooms, 3 full baths and 3,576 square feet of phenomenal living space, the arching brick fireplace greets all guest through the Dutch door entry, followed by ornate period detailing and natural wood wainscotting throughout, this is old world charm at it's finest, there is over 1,000 sf of covered wrap around porch, and a detached barn/studio/office building at nearly 400 square feet, this home is set high and dry on a corner 12,400 square foot lot with no flood hazard insurance required and is supported by public water & sewer. This is a very rare opportunity to renovate an existing "Cottage", or build your new dream beach home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017