722 Park Avenue
About This Property
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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 |
|---|---|---|---|
| Apr 1, 2025 | Sold | ||
| Sold | |||
| Mar 5, 2025 | In contract | - | |
| In contract | |||
| Feb 24, 2025 | Listed by Compass | $1,795,000 | |
| Listed by Compass | |||
| | |||
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Situated in the highly sought-after McKenzie Square, this spacious 7-bedroom, 5.1-bathroom home epitomizes modern comfort and convenience. Its prime "walk to everything" location ensures easy access to top-rated schools, parks, shopping, dining, and the Metra. As you step inside, you'll be greeted by an abundance of natural light, soaring ceilings, and clean, modern lines. The heart of the home is the updated kitchen, featuring custom cabinetry, granite countertops, and high-end, commercial-grade appliances, including a Viking cooktop and Sub-Zero refrigerator plus a pantry. A sun-drenched breakfast room, framed by transom windows, flows seamlessly into the family room, where a cozy fireplace offers picturesque views of the deck and backyard. For tech enthusiasts, the lower level boasts a newer Sonos sound system, alongside a fully finished basement with a home theater, guest suite, and secondary family room and ample storage. A dedicated first-floor office with an en suite bath provides the ideal work-from-home space or can serve as an additional bedroom. Upstairs, the serene primary suite offers a walk-in closet and a luxurious bathroom with a double vanity, walk-in shower, jacuzzi tub. Four additional bedrooms, two full baths, and a convenient laundry room complete the second floor. Outdoor living is a dream with the fenced-in backyard, firepit area, and ample green space, perfect for both relaxation and entertainment. The two-car garage with alley access adds further convenience. This home offers an unparalleled lifestyle in one of Wilmette's most desirable neighborhoods, blending modern design with an exceptional in-town location.
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| Oct 15, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 2, 2024 | Listed by Compass | $1,895,000 | |
| Listed by Compass | |||
| | |||
|
Situated in the highly sought-after McKenzie Square, this spacious 7-bedroom, 5.1-bathroom home epitomizes modern comfort and convenience. Its prime "walk to everything" location ensures easy access to top-rated schools, parks, shopping, dining, and the Metra. As you step inside, you'll be greeted by an abundance of natural light, soaring ceilings, and clean, modern lines. The heart of the home is the updated kitchen, featuring custom cabinetry, granite countertops, and high-end, commercial-grade appliances, including a Viking cooktop and Sub-Zero refrigerator plus a pantry. A sun-drenched breakfast room, framed by transom windows, flows seamlessly into the family room, where a cozy fireplace offers picturesque views of the deck and backyard. For tech enthusiasts, the lower level boasts a newer Sonos sound system, alongside a fully finished basement with a home theater, guest suite, and secondary family room and ample storage. A dedicated first-floor office with an en suite bath provides the ideal work-from-home space or can serve as an additional bedroom. Upstairs, the serene primary suite offers a walk-in closet and a luxurious bathroom with a double vanity, walk-in shower, jacuzzi tub. Four additional bedrooms, two full baths, and a convenient laundry room complete the second floor. Outdoor living is a dream with the fenced-in backyard, firepit area, and ample green space, perfect for both relaxation and entertainment. The two-car garage with alley access adds further convenience. This home offers an unparalleled lifestyle in one of Wilmette's most desirable neighborhoods, blending modern design with an exceptional in-town location.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017