703 Esplanade #2
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 1, 2018 | No longer available | - | |
| No longer available | |||
| Sep 20, 2018 | Sold | ||
| Sold | |||
| Sep 5, 2018 | Listed | $2,499,000 | |
| Listed | |||
| | |||
|
Your chance to own one of the largest Condo's on the west side of the Esplanade! Completely remodeled 2-story beach front Penthouse condo with breathtaking panoramic Ocean Views. At 2,519 sq. ft., this incomparable Private Penthouse Condo is one of the largest condos on the west side of the Esplanade and has no equal. This unit comes with its own semi-private elevator that opens directly into your Penthouse unit. The first floor features a living room, with a custom onyx marble fireplace and private balcony with panoramic ocean views from PV to Malibu. Gourmet kitchen with Caesarstone countertops, stainless steel appliances, including a Wolf 6-burner range, Sub-Zero refrigerator, wine fridge, trash compactor, dishwasher and microwave. Beautiful French Oak hardwood floors throughout. Also on the 1st floor is the dining area, 3rd bedroom (converted into a formal dining/conference room), ¾ bathroom and laundry room with laundry chute. 2nd floor features the spacious master with double door entry and large private balcony, large walk-in, built-in closet and panoramic ocean views. Master bath w/ onyx marble countertops, travertine tiles, his and her sinks, oversized spa tub and standalone steam shower. 2nd bedroom suite with walk-in closet and full bathroom. The manager has listed the unit size as 2519 square feet.
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| May 6, 2018 | Listed by RE/MAX Estate Properties | $2,499,000 | |
| Listed by RE/MAX Estate Properties | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/29/2019
|
3 Bed
|
3 Bath
|
2265 ft²
|
$2,700,000
3 Bed
3 Bath
2265 ft²
|
-
-
|
-
| |
|
05/06/2018
|
3 Bed
|
3 Bath
|
2519 ft²
|
$2,499,000
3 Bed
3 Bath
2519 ft²
|
$2,500,000
+0.04%
09/20/2018
|
Maurice Assayag
RE/MAX Estate Properties
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017