118 Colonial Ridge Drive
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 |
|---|---|---|---|
| Oct 16, 2025 | Sold | ||
| Sold | |||
| Sep 18, 2025 | In contract | - | |
| In contract | |||
| Aug 21, 2025 | Price Decreased |
$1,250,000
↓ $49K
(3.8%) | |
| Price Decreased | |||
| Jul 17, 2025 | Listed by Lamacchia Realty, Inc. | $1,299,000 | |
| Listed by Lamacchia Realty, Inc. | |||
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*****Open Houses CANCELLED *** Seller accepted an offer ***This home just had a major Glow-Up! Fresh paint throughout, brand-new carpets on upper level, and a refreshed WOW kitchen make this 4-bedroom, 4.5-bath Colonial shine. Offering over 5,400 sq ft of beautifully designed living space, it blends elegance, comfort, and versatility. Enter through the grand foyer with a dramatic chandelier, leading to a stunning two-story great room filled with tons of natural light—an architectural highlight. The vaulted office provides the perfect spot to work or study. Upstairs, you’ll find 3 spacious bedrooms plus a luxurious primary suite with spa-like bath and walk-in closet. The finished lower level is a standout, with its own entrance, full bath, kitchenette, and private bedroom—ideal for multi-generational living, long-term guests, or extended-stay options. Relax on the expansive wraparound deck and enjoy serene views.
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| Aug 26, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017