53 Paine Avenue
About This Property
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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 |
|---|---|---|---|
| Mar 20, 2026 | Price Decreased |
$14,900,000
↓ $2M
(9.7%) | |
| Price Decreased | |||
| Apr 23, 2025 | Listed by Coldwell Banker Realty - Manchester | $16,500,000 | |
| Listed by Coldwell Banker Realty - Manchester | |||
| Nov 14, 2002 | Sold | ||
| Sold | |||
| Apr 11, 2002 | Listed by Coldwell Banker Realty - Manchester | $7,900,000 | |
| Listed by Coldwell Banker Realty - Manchester | |||
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SITUATED HIGH ABOVE SEA LEVEL WITH BREATHTAKING WATER VIEWS; PROPERTY FEATURES METICULOUS GROUNDS AND PRIVATE DEEDED BEACH ACCESS. RESIDENCE CONSTRUCTED OF THE HIGHEST OF STANDARDS. BEAUTIFUL POOLHOUSE AND IN GROUND POOL.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017