432 32nd Street
About This Property
An amazing opportunity to own a beautiful cape cod beach home in the highly desirable area of the Sand Section. This home is situated on a private cul-de-sac, just a few short blocks to the beach, short walking distance to Grandview and North Manhattan restaurants and shops. This home features 4 bedrooms, 3 ½ bathrooms, a den that can be converted into a 5th bedroom and an office with built-in desks. This home has it all...3 fireplaces for cozy beach nights, living room, den w/ built-in cabinetry and wine rack, 2 built-in surround sound systems, laundry room, dining room and breakfast nook. The kitchen has 2 dishwashers, 2 ovens, Wolf 6 burner stove and 2 stainless steel sinks. With parking coming at a premium in the Sand Section, you will love your 4-car garage and an additional parking pad. This home is perfect for unforgettable entertaining where you will enjoy ocean views and endless sunsets from 3 different decks. Don't miss out on this great opportunity where there were 2 recent resales at $4,000,000+ Come put your creative stamp on this stunning home.
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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%.
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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 |
|---|---|---|---|
| Oct 29, 2024 | Sold | ||
| Sold | |||
| Oct 8, 2024 | In contract | - | |
| In contract | |||
| Sep 28, 2024 | In contract | - | |
| In contract | |||
| Sep 18, 2024 | Listed by Compass | $4,199,000 | |
| Listed by Compass | |||
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Location!!! Family perfect home set on a highly desirable cul-de-sac street in the incredible North Manhattan Beach's coveted Sand Section. 7-minute walk or 2-minute bike ride to the sand embodying the essence of beachside living with peekaboo ocean view from the top floor; with a short walk to upper downtown Manhattan shops and restaurants. This home presents an ideal haven for those seeking both privacy and a warm community feel. This 5-bedroom, 3.5-bathroom retreat offers close to 4,300 square feet of pure comfort and style plus an office space. Step through the gated entrance and be greeted by lush hedges and a serene turfed front yard – a tranquil space to roam freely and moments of relaxation to unfold effortlessly. The top floor is where the magic happens. Enjoy a gourmet kitchen, inviting living spaces, a formal dining room, and a cozy breakfast nook. The living areas have been recently updated and open up to balconies with breathtaking ocean views – perfect for sunset gatherings and to enjoy the days end with cozy nights by the fire pit. Each bedroom exudes comfort, while the primary suite indulges with expansive walk-in closets, ensuring ample storage and luxurious convenience. **Sellers replaced carpets in the bedrooms and freshly painted the interior of the home. Additional upgrades and updates include new A/C system, replaced furnace, new lighting, added front gate/hedging and landscape, shared wiring WiFi and security cameras, added closet to downstairs bedroom and remodeled bathroom, new built-in entertainment centers in living areas and custom front door.**
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| Jun 2, 2024 | No longer available | - | |
| No longer available | |||
Property Highlights
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About Sand Section
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017