478 Princeton Avenue
About This Property
The lower level opens directly to the heated in-ground pool, dock area, and outdoor entertaining space, creating the ideal waterfront lifestyle. Additional highlights include a full-house generator and thoughtfully landscaped grounds with mature fruit trees, including peach, persimmon, walnut, and fig.
Also included on the lot, is a charming updated 2-bedroom cottage with water views from the dining room, full kitchen, and bath -- ideal for guests, extended family, or potential rental income.
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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 |
|---|---|---|---|
| Aug 27, 2026 | Sold | ||
| Sold | |||
| Jun 26, 2026 | In contract | - | |
| In contract | |||
| May 25, 2026 | Listed by Paradise Real Estate Group | $1,795,000 | |
| Listed by Paradise Real Estate Group | |||
| Nov 29, 2016 | Sold | ||
| Sold | |||
| Aug 4, 2016 | Listed by Weichert Realtors-Pt.Pl.Beach | $699,900 | |
| Listed by Weichert Realtors-Pt.Pl.Beach | |||
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Private Oasis!! 3 Story Home on 1.13 acre. Bulkhead & T-Dock. Accomodates 4 Large Boats. Open Floor Plan. 4BR-4Baths. Great Room offers Stone Frpl., Built-Ins and A Wall of Windows Overlooking Open Water Views. Dbl Sliders lead to Private Deck. Custom Kitchen w/ Center Island, Corian Counter plus Sep Dining Area. Master Ensuite w/ Vaulted Ceiling leads to Balcony. Mstr Bath w/Spa Tub & Separate ShowerRoof Top Deck w/Views of the River to Watch the Fireworks. Built On Pilings. Two-Car Garage w/Separate Work Shop. Walk-Out Basement w/Rec Room & Bar Area + Kitchenette. A True Mans Cave. Additional Updated 2 Bedroom Cottage. Great for Guests, Inlaws, or great rental. Deep private Paver Driveway. Beautifully Landscaped sprinklers .IG Pool. Private Beach Area great for Kayaks & Paddle Boards A charming updated 2 bedroom cottage great as a rental or for guests, in laws,etc.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017