15 Nightingale Road
About This Property
Ideally located just minutes from Katonah Elementary School, Katonah Village, Metro-North, shopping, restaurants, parks, tennis courts, and town amenities, this home combines an exceptional location with outstanding potential. Features include a spacious layout, walk-out basement, and attached one-car garage.
This property offers an excellent opportunity for buyers looking to renovate and customize the home to their own taste and style. Ideal for homeowners, contractors, or investors, it presents tremendous upside in a neighborhood where homes rarely become available. Improvements made to the property have the potential to significantly enhance its value.
Enjoy all that Katonah has to offer, from charming boutiques and dining along Katonah Avenue to community pools, playgrounds, parks, and convenient Metro-North access for an easy commute to New York City. A rare opportunity to own in one of Westchester's most sought-after villages. Bring your vision and make this Katonah gem your own!
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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 13, 2026 | In contract | - | |
| In contract | |||
| Jul 16, 2026 | Listed by Exit Realty Connections | $699,000 | |
| Listed by Exit Realty Connections | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017