64 Grace Point Way #B5
About This Property
Thoughtful site planning defines the intimate, low-density development, where three distinct buildings are seamlessly connected by meandering brick-paved walkways, beautifully designed courtyards, and lush native landscaping. From its premier position within the development, the penthouse offers a heightened sense of privacy, perspective, and connection to the coastal setting.
At ground level, the northernmost building is planned as a vibrant mixed-use destination, bringing everyday conveniences and gathering spaces into the Grace Point experience. Plans include a local coffee shop, fine dining venue, and generous green space--all thoughtfully integrated into the architecture and landscape of the community.
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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 |
|---|---|---|---|
| Sep 9, 2026 | Price Increased |
$3,900,000
↑ $250K
(6.9%) | |
| Price Increased | |||
| Sep 4, 2026 | Listed by Corcoran Reverie SRB | $3,650,000 | |
| Listed by Corcoran Reverie SRB | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017