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432 Panama
About This Property
Soaring ceilings, rich hardwood floors, skylights, and beautiful architectural details create an immediate sense of light, space, and quiet luxury. The expansive living room centers around a dramatic double-sided fireplace shared with the sophisticated kitchen, which features granite countertops, gas cooktop, warming drawer, built-in oven and microwave, Sub-Zero refrigerator, walk-in pantry, generous bar seating, and dining area. The formal dining room captures peaceful fountain views, creating an elegant setting for memorable gatherings.
An impressive office with built-in, dark wood cabinetry, fireplace, and wet bar offers a sophisticated retreat for working or unwinding. A spacious downstairs bedroom suite with walk-in closet provides flexibility for guests or extended family, while the oversized laundry room adds everyday convenience.
Step outside to a private backyard oasis centered around a heated lap pool and jacuzzi, framed by beautiful slate-rock features and cascading waterfall. Swim in the morning, unwind in the spa at sunset, or gather poolside on warm Southern California evenings. Here, every day can feel like a vacation.
Upstairs, four additional bedrooms provide generous accommodations. The primary suite features a marble fireplace, built-in entertainment area, pool views, and large private balcony. Its luxe bath offers marble finishes, dual walk-in closets, vanity area, and two bathrooms. A second bedroom includes an en-suite bath and walk-in closet, while two additional bedrooms each offer walk-in closets and share a Jack-and-Jill bath.
With dual-pane windows, high ceilings, recessed lighting, lush carpet upstairs, abundant storage throughout, a three-car garage, and secure gated access to the rear, every detail has been thoughtfully considered.
More than a residence, 432 Panama Avenue is a place to gather, retreat, entertain, and make memories - a sophisticated yet welcoming sanctuary where resort-style living becomes part of everyday life.
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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 30, 2026 | Sold | ||
| Sold | |||
| Sep 5, 2026 | In contract | - | |
| In contract | |||
| Aug 7, 2026 | Listed by Compass | $2,490,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017