41
Map
501 Bay Lane
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 |
|---|---|---|---|
| Aug 24, 2026 | Listed by One Sotheby's International Realty | $5,990,000 | |
| Listed by One Sotheby's International Realty | |||
| Jul 30, 2017 | Listed | $3,400,000 | |
| Listed | |||
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Elegant elevated residence on exclusive Bay Lane, nestled among multi-million dollar residences. Oversized lot. Large rooms, high ceilings. Entrance foyer w/grand staircase leads to formal living, formal dining, family room. Guest/in-laws qtrs. on 1st flo or. Covered terrace overlooking pool. 2nd floor offers oversized Master suite w/his & hers closets. Additional 2 bedrooms on 2nd floor. Staff qtrs. w/separate stairs access. Polished porcelain floors throughout house! 2-car garage. Circular driveway.The manager has listed the unit size as 5099 square feet.
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| Nov 2, 1994 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017