3 Purchase Hills Drive
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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%.
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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.
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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 |
|---|---|---|---|
| Mar 19, 2024 | Sold | ||
| Sold | |||
| Jan 14, 2023 | Listed by Houlihan Lawrence Inc. | $1,740,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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Located at The Spring, one of Westchester's premier gated communities, 3 Purchase Hills Drive offers sophisticated, easy living. The beautifully landscaped yard has a private 12x50 pool. Enter the home to an expansive living-room with circular staircase, front and back palladium windows, fireplace and doors to the deck. The large dining room is great for dinner parties. The first-floor primary bedroom has ample closet space, a luxurious marble en-suite bath and a glass solarium/office overlooking the pool and yard. There is also a library/office with built-in bookcases, wet bar and doors to the outside. The large eat-in kitchen with island also has access to the deck which runs the expanse of the rear of the house. A powder-room, laundry-room and 2 car garage complete this ideal first floor layout. Enter the second-floor loft to access two large bedrooms with en-suite baths. Off the laundry-room there are stairs to another bedroom with en-suite bath. The Springs is ideally located near highways, golf clubs, shopping, dining, Westchester County Airport, Wegmans, Whole Foods, SUNY Purchase Performing Arts Center, PepsiCo Sculpture Garden, Lifetime Fitness as well as proximity to Greenwich Avenue, Rye, White Plains and an easy commute to NYC. Included in the HOA are 2 tennis courts, lawn maintenance, snow removal and gutter cleaning. Move right into the fabulous home in The Springs!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017