166 LIBRARY PL
About This Property
new dream home, and in-demand Knight Architects was the go-to firm for a refined design
befitting the location. Gas lanterns flicker at the manicured entry to the French Provincial
completed in 2014. Since then, the gardens and trees around the pool and walled lawn, land
once owned by the McGraw-Hill Family, have matured to provide total privacy. A patio with
built-in grill and fireplace invites al fresco entertaining nearly year-round. Beginning with
leaded-glass framing the front door and continuing with antique lighting and salvaged marble
mantels, great care was taken to incorporate hand-crafted elements and add patina to flawless
spaces - the key to making a new house feel layered and dynamic. Quarter-sawn random-width
oak floors are another worthwhile splurge that call to mind the craftsmanship of an earlier era.
Double mudrooms, a main level bedroom suite and a full-service elevator are just a few telltale
modern attributes that make life easier. Another is the open kitchen design featuring a rare
chestnut island and 48" double Wolf range. In the antique-mirrored butler's pantry, a full-size
wine fridge makes choosing a vintage a quick task. Nearby French doors and clerestory
windows high over the family room pass extra light between the adjoining spaces. Two
staircases lead to 3 suites, each with beautifully finished walk-in closets, built-ins and
marble-accented baths. The boudoir-inspired main suite is the peak of luxury thanks to extras,
like a fireplace, slipper tub and dressing room island. With 9-ft ceilings and space galore, the top
floor suite is an apartment-sized refuge. No modern-day luxury home is complete without an
optimized lower level with zones for fitness and casual entertaining, including an authentic
pub-style bar imported from the British Isles. An admirable addition to Princeton's most iconic
neighborhood!
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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 |
|---|---|---|---|
| Dec 1, 2022 | Sold | ||
| Sold | |||
| Sep 24, 2022 | Listed by Callaway Henderson Sotheby's Int'l-Princeton | $4,500,000 | |
| Listed by Callaway Henderson Sotheby's Int'l-Princeton | |||
| Oct 12, 2012 | Sold | ||
| Sold | |||
| Apr 1, 2011 | Listed by Callaway Henderson Sotheby's Int'l-Princeton | $1,095,000 | |
| Listed by Callaway Henderson Sotheby's Int'l-Princeton | |||
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Wonderful opportunity to purchase a much admired parklike lot in Princeton's desirable western section. Comprised of 2 Princeton Borough lots, this 0.97 acre property can be the site for one house. This offering is for the unimproved lot. Public water and sewer are available in the street. Approved site plan, zoning, building data and house plans are available. Some permits are in place. Purchaser can use the existing plans or get approvals for their own design. Assessment, acreage and taxes are a total of lots 5 and 6 on the Princeton Borough tax maps. Walking distance to Palmer Square, Princeton University, McCarter Theater, the Dinky train station, and Princeton's numerous restuarants.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017