2416 Palm Avenue
About This Property
The home features 5 spacious bedrooms, including an exceptional primary bedroom and luxurious bath. The main floor includes the primary suite, a second bedroom, a gourmet kitchen, open living and dining spaces, and a beautiful fireplace featuring natural stone Perla Veneta to set the perfect ambiance.
The kitchen is a chef's dream, showcasing natural stone countertops crafted from Brazilian quartzite, complemented by an Italian mosaic backsplash tile. An 11-foot waterfall island takes center stage, flanked by double-sided White Oak slim-shaker cabinetry and hardware. Premium Zline appliances complete the space, combining style and functionality.
The lower level offers 3 additional rooms with bifold doors, along with a second fireplace featuring natural stone Allure - creating an entertainer's paradise for lasting memories.
With extensive and tasteful renovations throughout, this home speaks for itself the moment you step inside. Don't miss out on this must-see property – it won't last long!
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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 |
|---|---|---|---|
| Aug 28, 2025 | Sold | ||
| Sold | |||
| Aug 2, 2025 | In contract | - | |
| In contract | |||
| Jul 29, 2025 | Relisted | $3,699,000 | |
| Relisted | |||
| Jul 19, 2025 | In contract | - | |
| In contract | |||
| Jul 10, 2025 | Price Decreased |
$3,699,000
↓ $51K
(1.4%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Price/ft²
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About Tree Section
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017