164 PROSPECT AVE
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 20, 2024 | Sold | ||
| Sold | |||
| Apr 28, 2024 | In contract | - | |
| In contract | |||
| Mar 17, 2024 | Listed by Callaway Henderson Sotheby's Int'l-Princeton | $3,650,000 | |
| Listed by Callaway Henderson Sotheby's Int'l-Princeton | |||
| Sep 30, 2020 | Sold | ||
| Sold | |||
| Jul 20, 2020 | Listed by Callaway Henderson Sotheby's Int'l-Princeton | $699,000 | |
| Listed by Callaway Henderson Sotheby's Int'l-Princeton | |||
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With immediate proximity to the grand architecture and lifestyle of Princeton University and with downtown Princeton just beyond, a charming brick colonial with exceptional original detail awaits its next chapter. While in need of updating, the house itself boasts a large front foyer flanked by formal living and dining rooms, with a wood panelled study and the kitchen accessible as well. A main floor bonus room has a full bath ensuite, which also acts as the powder room. The second floor has three bedrooms each again, with baths ensuite, an unusual floor plan element for a home built in the 1930's. A detached garage is in place as well and like the house, in need of work by the next owner as well. A serpentine brick garden wall is another vintage detail that reveals the true character of the period design. Bring your talents to this rare offering where the immediacy of both Town & Gown offers a extraordinary opportunity for a life well lived in Princeton.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017