89 SULLIVAN Place
About This Property
Discover the epitome of sophistication in this BRAND NEW custom-built masterpiece by Tidewater Homes, nestled in the exclusive High Pointe neighborhood of RiverTown. Spanning over 3,600 sqft on an expansive 80-foot lot with serene pond views, this home exudes luxury at every turn. A grand vaulted foyer and gleaming hardwood floors welcome you into the open-concept living space. The chef's kitchen is a showstopper, featuring quartz countertops, custom floor-to-ceiling cabinetry, a spacious island, high-end appliances, and a butler's pantry. The main-level primary suite and guest suite offer convenience and comfort. Additional highlights include a gas fireplace, built-in storage, designer lighting, and a luxurious outdoor half bath. RiverTown's world-class amenities include resort-style pools, tennis and pickleball courts, basketball courts, a clubhouse, a riverfront cafe, and a lazy river for endless relaxation.
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 22, 2025 | Sold | ||
| Sold | |||
| Mar 22, 2025 | In contract | - | |
| In contract | |||
| Mar 13, 2025 | Price Decreased |
$1,075,000
↓ $25K
(2.3%) | |
| Price Decreased | |||
| Feb 22, 2025 | Price Decreased |
$1,100,000
↓ $15K
(1.3%) | |
| Price Decreased | |||
| Jan 23, 2025 | Listed by KELLER WILLIAMS ST JOHNS | $1,114,900 | |
| Listed by KELLER WILLIAMS ST JOHNS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017