1416 Ridgewood Drive
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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 |
|---|---|---|---|
| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| Jun 22, 2018 | Sold | ||
| Sold | |||
| May 15, 2018 | Listed | $1,298,000 | |
| Listed | |||
| | |||
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Open 5/12 & 5/13~Lovely, updated Cambrian home~Gleaming hardwood floors~Dual pane windows~Freshly painted interior~Formal living room w/fireplace~Open kitchen features granite counters w/tile backsplash, stainless steel appliances, gas range, built-in microwave, large sink, ample cabinetry, breakfast bar with room for several barstools, & new recessed LED lights~Spacious family room features ceiling fan, picture window overlooking backyard, & sliding door for easy flow to backyard~Formal living room with fireplace~Master suite w/updated bath has stone slab vanity, tile wainscot, stall shower with shampoo niche, tile surround & glass enclosure, tile floor & window for natural light & air flow~Large backyard has welcoming paver patio area, lush lawn, mature landscaping, storage shed & automatic sprinkler system for enjoyable outdoor living~Nest thermostat controls central A/C & heat~Tankless water heater~2 car garage~Great Union schools~Convenient location close to parks, schools & shops The manager has listed the unit size as 1556 square feet.
| |||
| May 1, 2018 | Listed by Sereno | $1,248,000 | |
| Listed by Sereno | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017