6 Follett
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 |
|---|---|---|---|
| Oct 15, 2025 | Sold | ||
| Sold | |||
| Jun 4, 2025 | Listed by Paul McInnis LLC | $940,400 | |
| Listed by Paul McInnis LLC | |||
| Dec 13, 2021 | Sold | ||
| Sold | |||
| Oct 9, 2021 | Listed by RE/MAX Shoreline | $2,995,000 | |
| Listed by RE/MAX Shoreline | |||
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Rarely does an opportunity like this present itself. Situated along the banks of the Kittery Point Harbor, this approximate 1-acre point is surrounded by 400'+/- of shoreline on the Piscataqua River and Spruce Creek with commanding views of 3 lighthouses, Fort Constitution and the Isles of Shoals. Part of the original land grant by King George, III, a member of the Follet / Gerrish family (current owner) have been in constant ownership since 1797. Restore the original “Piggin House” c.1750 to its former glory with its many original features; including Indian shutters, window seats, moldings, wood burning fireplaces, 3 staircases - all with a different number of treads; enabling each bedroom private access, antique doors and hardware, Beverly Jog addition built to capitalize on sun in the winter and ocean breezes in the summer - or build new. Memorialized by American painter Willard Leroy Metcalf with ''White Lilacs'' on permanent display in the Freer Gallery, part of the Smithsonian Institute in Washington, DC. Access is via a private ROW. This is truly the chance of a lifetime to own a stunning, historic piece of property in Kittery Point including your own private beach! Enjoy sunrises and sunsets; sailboats, working fishing vessels and container ships cruise up and down the river and the gulls, grey herons, and seals at play from the shores of this spectacular property. Please respect the neighbors and do not access this property in anyway without an appointment.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017