119 Oak Ridge Ave
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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 |
|---|---|---|---|
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Apr 4, 2022 | No longer available | - | |
| No longer available | |||
| Mar 17, 2022 | Listed by New Providence | $1,400,000 | |
| Listed by New Providence | |||
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First time ever listed! Stately all brick, center hall Georgian Colonial w/ slate roof & two-car detached garage located on 1/3 of an acre of wooded property. Wonderful opportunity to renovate/add on or build your dream home on one of Summit's most sought-after streets. Many fine architectural features: Large Entrance Hall with gracious staircase leading to the second floor landing featuring a Palladian window & window seat, front to back Living Room w/ fireplace & built-in bookcase, two sets of French doors leading to Family Room w/ fireplace, formal Dining Room w/ built-in hutch, & eat-in Kitchen w/ bay window overlooking the backyard. The Powder Room is currently only a 1/4 bath. The second floor Primary Suite has a dressing room & full bath. There are two other generous bedrooms on that floor & a Hall Bath w/ two linen closets flanking its entrance. The walk-up Attic is fully floored w/ knotty pine & has several decorative windows (half-moon & Palladian) w/ great space for another bedroom & bath (partial plumbing provided). The full basement features plenty of room for a Recreation Room & has a laundry room, utility/storage rooms, large workshop & outside entrance. Includes five ceiling fans & one window A/C 'as is'. Property to be sold in 'as is' condition. No known issues w/ fireplaces. Two neighboring lots, 117 & 115 Oak Ridge Ave, are also for sale. Buyer is responsible for all inspections & C of O.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017