4214 Purdue Street
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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.
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 |
|---|---|---|---|
| Mar 13, 2025 | Sold | ||
| Sold | |||
| Feb 25, 2025 | In contract | - | |
| In contract | |||
| Feb 20, 2025 | Listed by Martha Turner Sotheby's International Realty | $1,050,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
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One-of-a-kind in the West University area, 4214 & 4216 Purdue offers urban living, complete with a guest house - perfect for income potential or multi-generational living. Remarkably updated & zoned to West U Elementary, this home is designed for comfort & entertaining. First floor with a den/study off the entry with French doors to the gated front yard and a half bath. A downstairs bedroom & full bath offer a private entry to the patio with a cocktail pool & summer kitchen. The second level has a spacious living & dining area with high ceilings, natural light & a wet bar that flows to the kitchen with premium appliances, quartz countertops, ample storage, and many seating options. The third-floor primary suite has a balcony, fireplace, two walk-in closets, and spa-like bath. The third bedroom adjoins the primary bath, perfect for a nursery or study. The guest house has a 2-car garage, 1 bed, 1.5 baths, updated kitchen, living room, & breakfast area - offering flexibility & privacy.
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| Jul 6, 2022 | Sold | ||
| Sold | |||
| Mar 28, 2022 | Listed by Martha Turner Sotheby's International Realty | $950,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
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Welcome to 4214 Purdue Street! Zoned to highly acclaimed West U Elementary, this unique home gives its new owners a rare opportunity to enjoy a lovely home with a yard & pool, plus full guest house with proven income potential. The wrought iron fenced front yard & inviting entry create great curb appeal. French doors from the courtyard lead into a first floor office/den that also flows from the front entry. Also on the first floor is a secondary bedroom with ensuite bath & French doors overlooking the pretty pool with water features. On the main living/second floor, the spacious kitchen opens up to the generously sized dining & living area with large windows & lots of natural light. The third floor houses the primary suite with large bath and walk-in closet, as well as another bedroom with ensuite bath. The guesthouse functions well as a rental property, quarters, a gym or large home office. Other features: high ceilings, wet bar, 2 gas log firepaces, 2 balconies. A pleasure to tour!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017