507 Princeton Avenue
About This Property
counter & stonework, gunite saltwater pool w/hot tub & waterfall, patio, fire pit, dock w/20,000 lb boat lift and a rare pool house with full bath & upgraded cabinetry/countertops, Lynx appliances, and bar w/rollup door. 2nd level of home has a family room that extends over the 3-car garage plus there are 2 bedrooms, a laundry room and full bath. The primary suite has built-ins and a fireplace plus water views from its sleeping quarters, private balcony, and jet tub. 3rd level provides office or 4th bedroom with its own waterfront balcony. This unique offering with exclusive Princeton Avenue address is waterfront living at its finest.
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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 |
|---|---|---|---|
| May 5, 2025 | Sold | ||
| Sold | |||
| Oct 4, 2024 | In contract | - | |
| In contract | |||
| Sep 11, 2024 | Listed by RE/MAX Bay Point Realtors | $3,100,000 | |
| Listed by RE/MAX Bay Point Realtors | |||
| Sep 1, 2015 | Sold | ||
| Sold | |||
| May 29, 2015 | Listed by Childers Sotheby's Intl Realty | $1,279,000 | |
| Listed by Childers Sotheby's Intl Realty | |||
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Custom riverfront 4 bedroom, 4 bath home boasts an inspiring architectural design highlighted by captivating water views from every level. Ideal for entertaining, the chef’s kitchen with granite counters, Viking range top, Subzero refrigerator, pantry & 2 sinks overlooks the great room with fireplace, wet bar & built-ins, plus a dining room surrounded by windows overlooking the river. Den can serve as a guest suite & shares a 2-sided fireplace w/great room. Serene master suite includes fireplace, sitting area, private balcony & Jacuzzi tub w/river views. Generous game room over 3 car garage, pool house equipped w/kitchenette & full bath, 3 levels of balconies, mahogany decks, heated Gunite pool w/waterfall & spa, plus newer 100 ft dock w/boat lift, electric & water. Home not in flood zone.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017