2542 Adage Way
About This Property
Step inside to discover an elegant formal living room featuring a cozy fireplace and striking clerestory windows, and a formal dining room with a buffet niche perfect for hosting memorable gatherings. The heart of the home is the expansive gourmet island kitchen, outfitted with rich cherry cabinetry, gleaming granite countertops, and top-of-the-line stainless steel JennAir appliances. Adjacent, the spacious breakfast room flows seamlessly into a massive family room complete with a fireplace and built-in media center-ideal for cozy evenings in.
The luxurious primary suite is a true retreat, featuring its own sitting area, a romantic fireplace, and an opulent spa-like bath with dual walk-in closets. Each of the four additional bedrooms offers ensuite baths, ensuring privacy and convenience for family and guests alike.
Outside, the dream-worthy backyard is your private oasis. Lush, mature landscaping creates a serene and secluded atmosphere, while the sparkling pool and spa beckon for relaxation. Entertain effortlessly with a fully equipped outdoor kitchen that includes a grill, burners, sink, and even a pizza oven, plus a covered dining area and an inviting outdoor fireplace for cooler evenings. The 4-car split garage, complemented by a custom-colored and stamped motor court and driveway, adds both functionality and curb appeal.
This remarkable home offers the perfect blend of sophisticated living and resort-style amenities in one of Hawarden Hills' most desirable neighborhoods. It's not just a home-it's a lifestyle!
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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 |
|---|---|---|---|
| May 27, 2026 | Sold | ||
| Sold | |||
| May 8, 2026 | In contract | - | |
| In contract | |||
| Mar 26, 2026 | Price Decreased |
$1,495,000
↓ $130K
(8%) | |
| Price Decreased | |||
| Feb 3, 2026 | Price Decreased |
$1,625,000
↓ $75K
(4.4%) | |
| Price Decreased | |||
| Jan 7, 2026 | Listed by COMPASS | $1,699,900 | |
| Listed by COMPASS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017