11
Map
3 Preston Place
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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 |
|---|---|---|---|
| Sep 8, 2026 | Listed by Greenan Properties RE Agency | $349,900 | |
| Listed by Greenan Properties RE Agency | |||
| Sep 3, 2025 | Sold | ||
| Sold | |||
| Jul 30, 2025 | In contract | - | |
| In contract | |||
| Jul 13, 2025 | Listed by RE/MAX Classic Realty | $349,999 | |
| Listed by RE/MAX Classic Realty | |||
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Welcome to 3 Preston Place, a beautifully renovated retreat where everyday life feels like a weekend getaway. Tucked away on a quiet street and moments from the water, this charming single-level home offers comfort, character, and a lifestyle rooted in nature and relaxation.
Step inside to sunlit spaces with gleaming hardwood floors and an open, airy layout that invites you to breathe easy. The brand-new kitchen is as stylish as it is functional, perfect for morning coffee or evenings spent cooking with friends. A fully renovated bathroom, recessed lighting, new windows, and central air ensure year-round comfort. Even the attic has been spray foam insulated for energy efficiency, while the exterior has been completely refreshed with new siding and brand-new roofs on both the home and the shed. The fully fenced backyard adds the finishing touch—ideal for play, privacy, or peaceful afternoons with a book.
Life here offers more than just a beautiful home. With deeded lake rights to Putnam Lake, you’ll enjoy access to a private beach, kayaking, swimming, and a variety of community lakefront parks and recreational spaces to explore year-round. Stroll or bike the nearby Putnam County Trailway or explore wooded trails at nearby Red Mountain and Wonder Lake State Park. In winter, head to Thunder Ridge Ski Area for a quick run, or cozy up at a local cafe after browsing nearby small shops. Then end your day unwinding in the backyard under a starlit sky.
Whether you’re searching for a year-round residence, a weekend escape, or a turnkey short-term rental opportunity, 3 Preston Place delivers the kind of lifestyle that makes you want to stay a little longer, breathe a little deeper, and truly feel at home.
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| Dec 9, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017