108 Summit 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 |
|---|---|---|---|
| Sep 16, 2026 | In contract | - | |
| In contract | |||
| Jul 21, 2026 | No longer available | - | |
| No longer available | |||
| Jul 20, 2026 | Listed by Julia B Fee Sothebys Int. Rlty | $650,000 | |
| Listed by Julia B Fee Sothebys Int. Rlty | |||
| May 15, 2026 | In contract | - | |
| In contract | |||
| Apr 14, 2026 | Listed by Julia B Fee Sothebys Int. Rlty | $650,000 | |
| Listed by Julia B Fee Sothebys Int. Rlty | |||
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This charming 1920’s colonial is ideally situated on a quiet, tree-lined street in the highly sought-after hamlet of Tappan. Offering 3 bedrooms and 2 bathrooms, the residence provides a warm and inviting atmosphere with a layout designed for everyday living. Hardwood floors run throughout, enhancing the home’s timeless character while ample sunlight fills the interior and highlights the home’s living area, complete with an inviting wood-burning fireplace. The eat-in kitchen is perfect for both casual meals and entertaining, with direct access through beautiful sliding glass doors to a patio that extends to a level backyard. Upstairs, you’ll find three well-proportioned bedrooms and a full bathroom, offering ample storage space and flexibility. A full basement adds valuable bonus space, perfect for storage or future customization to your individual needs. Set on a desirable level corner lot, the property includes a detached one-car garage, providing added convenience and functionality. A newly installed roof offers peace of mind and features a 50-year transferable warranty. Located within the award-winning Orangetown Central School District, this home appeals to those seeking both quality of education and convenience. Enjoy close proximity to local restaurants, parks, and an abundance of outdoor recreation, including hiking, biking, sailing, and golf. An active lifestyle is right at your doorstep. Commuters will appreciate the easy access to major roadways, with New York City approximately 30 minutes away via the Palisades Parkway.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017