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70 RIVERSIDE DRIVE
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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%.
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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 |
|---|---|---|---|
| Jun 23, 2026 | Sold | ||
| Sold | |||
| May 18, 2026 | In contract | - | |
| In contract | |||
| May 12, 2026 | Price Decreased |
$2,725,000
↓ $275K
(9.2%) | |
| Price Decreased | |||
| Apr 24, 2026 | Listed by FLORIDA BEACHES REAL ESTATE | $3,000,000 | |
| Listed by FLORIDA BEACHES REAL ESTATE | |||
| Sep 1, 2024 | Listed | $4,000,000 | |
| Listed | |||
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Rich Ormond history meets with timeless modern architectural elegance at the magnificent 70 Riverside. Custom designed by renowned local architect Bill Chapin, this stunning home is located in the most prime location Ormond has to offer and shares the original Rockefeller seawall! Whether walking to the beach, golf carting to Oceanside Country Club, taking in cultural events at the Casements, or boating the Halifax River, this home couldn't be more ideally situated. Every inch of this home was meticulously laid out both for effortless family living as well as elaborate entertaining. All four upstairs bedrooms have incredible river views and ensuite baths while the fifth bedroom gives the option for a first-floor primary or in-law suite. The main living spaces flow together beautifully including a gourmet kitchen with walk-in pantry and oversized island, connected formal living and dining areas, and ample outdoor living space overlooking the pool, fenced yard, and expansive waterfront. This home has a multitude of bonus features with thoughtful design like the upstairs recreation and laundry rooms, oversized closets, connected balconies, and much more. Living on "One-Way Riverside Drive" has its own charm and allure with a canopy of mature trees covering the roadway and walkability that is second to none. Whether it's watching the dolphins swim by your dock, catching stunning sunsets daily from the patio, or having friends over to watch the July 4th fireworks right in front your backyard, there really is nothing that compares to this amazing property and the quality of life it offers.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017