86874 Newton Way
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 |
|---|---|---|---|
| Jan 5, 2024 | Sold | ||
| Sold | |||
| Oct 24, 2023 | Listed by Desert Pacific Properties | $4,000,000 | |
| Listed by Desert Pacific Properties | |||
| Jun 2, 2023 | No longer available | - | |
| No longer available | |||
| Apr 22, 2023 | Price Decreased |
$5,500,000
↓ $495K
(8.3%) | |
| Price Decreased | |||
| Feb 27, 2023 | Listed by Pacific Sotheby's Int'l Realty | $5,995,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
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86874 Newton Way is a Dream Come True for the individual seeking a luxurious lifestyle only a very fortunate few can possess. This Presidential Suite style has one of the largest garages in the THERMAL car club. This Club is the ultimate Motorsports facility with access to 5+ miles of private pavement and luxury amenities for members: fitness center, pools, full service spa, tennis,pickleball,kids club & karting,racing,driver training,storage and repair facilities. 48 hotel villas for family and friends onsite. Built by the Award winning West Coast Builders and situated to view multiple tracks and a panorama of the mountain range from the spacious viewing deck.This home has been crafted as carefully as your finest car! Designed specifically to be enjoyed by the enthusiast as a private get away. An open floorplan makes the most of this sanctuary. Rich walnut cabinetry is a warm contrast to contemporary tones of dark graphite and white. A sumptuous bath with 12' long granite bench in the double shower. The details and materials of this home are luxe and the craftsmanship is excellent. A Control 4 system operates with your phone or remote, music sets the mood from the entry stairwell throughout the home, patios and garage. The areas controlled by A/C total 5420 including the 3370 SF garage with double height ceilings. The non A/C areas total 2630 SF for a total residence of 8,050 SF. Based on lot & build figures, it would take more $$s and almost two years to replicate this. The manager has listed the unit size as 5420 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017