394 Independence Drive
About This Property
As you arrive, the grand facade offers a hint of the beauty within. Stepping through the entrance, a grand foyer with marble flooring welcomes you, as the gorgeous dual staircase ascends gracefully, evoking a sense of grandeur.
Beyond the foyer on the right, a formal office adorned with white oak built-ins provides a refined space. Adjacent is an additional working office with drafting table, workspace and half bath, a great work from home environment.
Positioned to the left, the formal dining room, with built-ins and a chandelier, offers an elegant setting for special occasions.
The formal living room, centered around a stately fireplace, sets the stage for intimate gatherings, while the spacious family room, complete with wet bar and fireplace is perfect for larger celebrations.
At the heart of the home, the kitchen is a chef's dream. White oak cabinetry frames the space, complemented by a cozy banquette. Premium appliances, including a La CornueFe Double Oven Range and hood, a Miele coffee system, speed oven, and dishwasher, ensure culinary excellence. The Marble Mosaic Poppy tile backsplash and porcelain countertops add an artistic touch, elevating both form and function. An additional secondary kitchen, featuring a Bertazzoni Suite Pro Range, refrigerator, and dishwasher, allows for seamless entertaining.
Additionally, the main level features three spacious bedrooms, three baths, sauna, a mudroom, and a laundry area with an integrated shower. This thoughtfully designed space offers versatile living options, perfect for an additional primary suite, multi-generational living, or a private gym.
The upper-level primary suite is a private retreat, offering a separate sitting area or nursery, an expansive bath with a dual shower and soaking tub, a generous walk-in closet, and a private terrace with serene views. Two secondary bedrooms, connected by a Jack and Jill bath, complete the second level.
Stepping outside there is a tranquil pond, gorgeous pool and spa and numerous fruit trees. A four-car garage ensures ample space for vehicles and storage.
This North Claremont Mediterranean estate is more than a home-it is a place where new stories await.
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Cap Rate Calculator
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 15, 2025 | Sold | ||
| Sold | |||
| Aug 27, 2025 | In contract | - | |
| In contract | |||
| May 4, 2025 | Price Decreased |
$2,895,000
↓ $103K
(3.4%) | |
| Price Decreased | |||
| Feb 20, 2025 | Listed by WHEELER STEFFEN SOTHEBY'S INT. | $2,998,000 | |
| Listed by WHEELER STEFFEN SOTHEBY'S INT. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017