137 Neds Mountain Road
About This Property
This $1.2M+ renovation included all-new underground utilities, a 200-amp electric service with a 22K propane generator, new well with pressurized system, security alarm, septic system, and full interior gutting. Major upgrades featured new roof, windows, HVAC, plumbing, wiring, kitchen, bathrooms, and appliances. Additional work included basement waterproofing, red oak flooring, barn beams, custom cabinetry, insulation, lighting, landscaping, patio, and driveway improvements. Full list attached.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 28, 2025 | Sold | ||
| Sold | |||
| Oct 26, 2025 | In contract | - | |
| In contract | |||
| Sep 13, 2025 | In contract | - | |
| In contract | |||
| Sep 3, 2025 | Relisted | $750,000 | |
| Relisted | |||
| Jun 5, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017