240 LIBRARY PLACE
About This Property
bustling downtown and Princeton University's world-class campus, astonishing
artistry and a fascinating history combine for a home like no other. As refined as
it appears from the courtyard entry, it only gets more impressive as you continue
through the array of rooms discovering storied mantelpieces, carved woodwork
and imported fixtures along the way. The deep grounds also never fail to surprise
and delight all who are lucky enough to spend a day relaxing by the Roman-style
pool or dining on the stone terrace. The lawn and formal garden have even
hosted tented celebrations for hundreds with ease. The 1840 house welcomes
you into the foyer, where a mural's softly colored tree branches reach toward an
unusually high ceiling. The living room is large enough for a combination of
seating areas or even billiards, as the current set-up shows. Pocket doors allow a
view of the library's elaborately detailed woodwork while seated in the classically
styled dining room. Plenty of sunshine and radiant heat keep the marble-clad
family room from ever feeling chilly. New quartz countertops freshen up the crisp
white kitchen with a wealth of storage around every turn. A breezeway connects
the three-car garage and leads to a pool house like no other, where glass and
crystal creations custom-made in Paris by the artisans of Lalique conjure a
magical underwater fantasy world. Carved sea creatures whimsically watch over
the gathering space served by a full kitchen, wine cellar and bathrooms worthy of
Poseidon himself! Above, a playroom/gym provides plenty of space for healthy
indoor recreation. The upper levels of the main house hold seven bedrooms
served by five baths. The largest and airiest of those bedrooms radiate from the
light-filled landing, along with an office beyond fanlight-topped pocket doors. The
main suite has it all: dressing room, fireplace, marble bath, sunroom and a deck
overlooking a trickling water feature and stunning trees that put on an autumnal
show. This is your chance to leave your mark on one of the Western Section's
finest showplaces. The property's tax assessment has been reduced.
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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 |
|---|---|---|---|
| Jun 5, 2026 | Listed by Callaway Henderson Sotheby's Int'l-Princeton | $3,675,000 | |
| Listed by Callaway Henderson Sotheby's Int'l-Princeton | |||
| Jun 28, 2025 | Listed | $3,750,000 | |
| Listed | |||
| | |||
|
On a corner lot in the heart of the famous Western Section, a mere half-mile from
bustling downtown and Princeton University's world-class campus, astonishing
artistry and a fascinating history combine for a home like no other. As refined as
it appears from the courtyard entry, it only gets more impressive as you continue
through the array of rooms discovering storied mantelpieces, carved woodwork
and imported fixtures along the way. The deep grounds also never fail to surprise
and delight all who are lucky enough to spend a day relaxing by the Roman-style
pool or dining on the stone terrace. The lawn and formal garden have even
hosted tented celebrations for hundreds with ease. The 1840 house welcomes
you into the foyer, where a mural's softly colored tree branches reach toward an
unusually high ceiling. The living room is large enough for a combination of
seating areas or even billiards, as the current set-up shows. Pocket doors allow a
view of the library's elaborately detailed woodwork while seated in the classically
styled dining room. Plenty of sunshine and radiant heat keep the marble-clad
family room from ever feeling chilly. New quartz countertops freshen up the crisp
white kitchen with a wealth of storage around every turn. A breezeway connects
the three-car garage and leads to a pool house like no other, where glass and
crystal creations custom-made in Paris by the artisans of Lalique conjure a
magical underwater fantasy world. Carved sea creatures whimsically watch over
the gathering space served by a full kitchen, wine cellar and bathrooms worthy of
Poseidon himself! Above, a playroom/gym provides plenty of space for healthy
indoor recreation. The upper levels of the main house hold seven bedrooms
served by five baths. The largest and airiest of those bedrooms radiate from the
light-filled landing, along with an office beyond fanlight-topped pocket doors. The
main suite has it all: dressing room, fireplace, marble bath, sunroom and a deck
overlooking a trickling water feature and stunning trees that put on an autumnal
show. This is your chance to leave your mark on one of the Western Section's
finest showplaces.
| |||
| Feb 22, 2025 | Listed | $3,750,000 | |
| Listed | |||
| | |||
|
On a corner lot in the heart of the famous Western Section, a mere half-mile from
bustling downtown and Princeton University's world-class campus, astonishing
artistry and a fascinating history combine for a home like no other. As refined as
it appears from the courtyard entry, it only gets more impressive as you continue
through the array of rooms discovering storied mantelpieces, carved woodwork
and imported fixtures along the way. The deep grounds also never fail to surprise
and delight all who are lucky enough to spend a day relaxing by the Roman-style
pool or dining on the stone terrace. The lawn and formal garden have even
hosted tented celebrations for hundreds with ease. The 1840 house welcomes
you into the foyer, where a mural's softly colored tree branches reach toward an
unusually high ceiling. The living room is large enough for a combination of
seating areas or even billiards, as the current set-up shows. Pocket doors allow a
view of the library's elaborately detailed woodwork while seated in the classically
styled dining room. Plenty of sunshine and radiant heat keep the marble-clad
family room from ever feeling chilly. New quartz countertops freshen up the crisp
white kitchen with a wealth of storage around every turn. A breezeway connects
the three-car garage and leads to a pool house like no other, where glass and
crystal creations custom-made in Paris by the artisans of Lalique conjure a
magical underwater fantasy world. Carved sea creatures whimsically watch over
the gathering space served by a full kitchen, wine cellar and bathrooms worthy of
Poseidon himself! Above, a playroom/gym provides plenty of space for healthy
indoor recreation. The upper levels of the main house hold seven bedrooms
served by five baths. The largest and airiest of those bedrooms radiate from the
light-filled landing, along with an office beyond fanlight-topped pocket doors. The
main suite has it all: dressing room, fireplace, marble bath, sunroom and a deck
overlooking a trickling water feature and stunning trees that put on an autumnal
show. This is your chance to leave your mark on one of the Western Section's
finest showplaces.
| |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017