720 The Parkway
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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 |
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| Jul 17, 2025 | Sold | ||
| Sold | |||
| May 4, 2025 | In contract | - | |
| In contract | |||
| Apr 16, 2025 | Listed by Julia B Fee Sothebys Int. Rlty | $2,595,000 | |
| Listed by Julia B Fee Sothebys Int. Rlty | |||
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Welcome to 720 The Parkway—where timeless architecture meets modern coastal elegance in the heart of the sought-after Shore Acres community. This impeccably renovated Dutch Farmhouse has been transformed into a pristine 5-bedroom, 3.5-bath Colonial, offering exclusive deeded access to a private clubhouse, pool, beach, dock, and more. The home boasts an open floor plan with soaring 10-foot beamed ceilings, transom windows, and wide-plank “Old Oak” hardwood floors. Expansive windows bathe the interior in natural light from every exposure, creating an inviting and airy ambiance throughout. The gracious great room features a wood-burning fireplace and flows seamlessly into the spacious dining room, highlighted by original leaded and stained glass. A cozy library with gas stove and window seat adds warmth and character. The chef’s kitchen is the heart of the home, complete with an oversized island, stainless steel appliances, and a sun-drenched family room with skylights and sliding doors that open to a large "Ipe" hardwood deck and a fully fenced backyard with vibrant greenery. Upstairs, the serene primary suite includes a marble double vanity, custom dressing room, and access to a private veranda. The second floor also features a stylish hall bath with specialty tile, radiant heat, and a charming clawfoot tub. All bedrooms offer custom closets. The third floor offers many possibilities with a large light filled lounge- Game room or office, two additional bedrooms, a full bath, walk -in closet and storage. The finished lower level provides 1,045 sq.ft. of additional flexible space, ideal for a gym, playroom, or studio, and includes laundry, storage, and a wine closet. Additional features include new two-zone Trane HVAC (2023), Nest smart home controls, full foam insulation, sprinkler system on all floors, multi-zone interior/exterior sound system, a custom mudroom with separate entrance, and a detached two-car garage. Located within the renowned Rye Neck School District and just 35 minutes from NYC, 720 The Parkway is more than a home—it’s a lifestyle.
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| Aug 1, 2016 | Sold | ||
| Sold | |||
| Jun 24, 2016 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017