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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 23, 2018 | No longer available | - | |
| No longer available | |||
| Jul 19, 2018 | Sold | ||
| Sold | |||
| Jun 11, 2018 | Listed | $3,288,000 | |
| Listed | |||
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This Stately and Sophisticated Grand Estate located in guard gated Turtle Rock Summit is a private and quiet oasis with no homes behind or across. Enter through a private courtyard with custom water feature to towering 2 story ceilings and massive windows that allow abundant natural light. The Grand living room with soaring foyer leads to the spacious family room with wet bar, stone fireplace, custom built-ins and French Doors to the private outdoor sanctuary wrapped by palm trees, lush landscape, BBQ island, fire pit, sparkling pool/spa, grassy area and massive terrace for entertaining groups of all sizes. Professional interior design by renowned Fari International, with timeless marble floors and flowing open floor plan offers a gourmet kitchen with crisp white cabinetry, new stainless steel appliances and built-in refrigerator, granite counters, center island and large breakfast nook. The main floor also features a guest suite with its own private bathroom. Ascend the beautiful staircase to the ultimate master suite with cozy retreat, fireplace, panoramic sunset views and opulent marble bathroom with soaking tub. 3 secondary bedrooms and a loft with custom bookcases are located on the 2nd floor. The impressive neighborhood features stunning community pool, plentiful guest parking and acres of open space that will never be developed. Ideally located within an award wining blue ribbon school district and minutes to world class shopping, restaurants, beaches and golf courses. The manager has listed the unit size as 4456 square feet.
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| Feb 27, 2018 | Listed by First Team Real Estate | $3,288,000 | |
| Listed by First Team Real Estate | |||
| Jul 13, 2017 | Listed | $3,388,000 | |
| Listed | |||
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Welcome to a sophisticated, yet warm and inviting residence nestled in the heart of esteemed guard gated Turtle Rock Summit. Available for the first and only time in 24 years, this popular Plan 6 in the community rarely comes on the market. Ideally located in a uniquely open area with no homes across the way, this private estate offers a gorgeous sanctuary in the rear yard and is ideal for entertaining, complete with glistening pool, spa, firepit, BBQ and generous patio areas wrapped by palm trees and lush landscaping. Floorplan highlights include soaring 2 story high ceilings upon entering the formal living room, a large open family room adjoining the breakfast nook and kitchen, a centrally located wet bar and generously sized separate dining room. Entertainers will love the flow of the living areas and guests will appreciate the professionally designed interiors by renown Fari International. An ideal downstairs guest suite with private bath compliments the 4 upstairs bedrooms and convenient home office with custom built-ins. The sprawling master suite boasts a large retreat and gorgeous bath with marble finishes. Capture relaxing sunsets living in this lovely estate while enjoying living so close to world class shopping, the California beaches, numerous golf courses and more. Award winning schools. No Mello Roos taxes. Now is the time to live in this dream home. The manager has listed the unit size as 4456 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017