51
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660 LAMBERT AVENUE
About This Property
This Mediterranean-inspired residence, with 3,476 sq ft of living space, is perfectly positioned to serve as the foundation for your ultimate coastal vision. While the home offers grand features, including a marble foyer, two fireplaces, a gourmet kitchen with dual pantries, and a spacious primary suite, the true value lies in the site itself. With an existing pool, a newly refurbished private dock, and a gated, serene entrance, you are acquiring one of the most significant footprints in the area. Grab this chance to curate a one-of-a-kind estate to your exact specifications! With the bones, the location, and the space already established, this is a rare chance to own this water-front home and build your legacy.
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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 |
|---|---|---|---|
| Jul 4, 2026 | Relisted | $1,750,000 | |
| Relisted | |||
| Jun 19, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Price Decreased |
$1,750,000
↓ $250K
(12.5%) | |
| Price Decreased | |||
| Oct 8, 2025 | Listed by COLDWELL BANKER PREMIER | $2,000,000 | |
| Listed by COLDWELL BANKER PREMIER | |||
| Mar 29, 1996 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017