16 Bridge Street
About This Property
Descend the stairs and discover the perfect guest suite. The current figuration includes an open room which maintains a summer kitchen and eating / living area. There's also a large laundry closet for side by side washer and dryer and additional pantry storage. A large room with a single, door closet can be purposed for guests, and there is also a full bath with free standing shower to ease accommodations. Under the stairs is a spacious, and well-lit closet which makes for a great mini office. To complete this level, you'll find the single, car garage has been partially converted. Mostly sheet-rocked, and now purposed with a private door to the driveway, this would be a great place to expand the living area. There is heat on the adjacent wall, so adding a baseboard to the room would be an easy fix.
Suffern offers a highly rated school system, easy NYC commuting options via bus / train and a charming downtown with an array of restaurants and service oriented businesses to choose. Additional Information: ParkingFeatures:1 Car Attached,
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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 |
|---|---|---|---|
| Apr 11, 2024 | Sold | ||
| Sold | |||
| Mar 5, 2024 | In contract | - | |
| In contract | |||
| Feb 27, 2024 | Relisted | $499,900 | |
| Relisted | |||
| Feb 26, 2024 | In contract | - | |
| In contract | |||
| Feb 14, 2024 | Listed by Keller Williams Valley Realty | $499,900 | |
| Listed by Keller Williams Valley Realty | |||
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This well maintained, raised ranch is bigger than it appears offering approximately 1,680 SF of finished space, and it sits beautifully on a perfectly rectangular lot. The entire home has been freshly painted and the hardwood floors are still gleaming upstairs. The first floor introduces a quaint living room and large kitchen foot print that maintains a ton of cabinetry and a comfortable eat-in-area. The kitchen opens to a three season room with three walls of windows offering a panoramic view of the private backyard and a lower deck with firepit. There are three bedrooms, one full bath and laundry closet on this level. Descend the stairs and discover the perfect guest suite. The current figuration includes an open room which maintains a summer kitchen and eating / living area. There's also a large laundry closet for side by side washer and dryer and additional pantry storage. A large room with a single, door closet can be purposed for guests, and there is also a full bath with free standing shower to ease accommodations. Under the stairs is a spacious, and well-lit closet which makes for a great mini office. To complete this level, you'll find the single, car garage has been partially converted. Mostly sheet-rocked, and now purposed with a private door to the driveway, this would be a great place to expand the living area. There is heat on the adjacent wall, so adding a baseboard to the room would be an easy fix. Suffern offers a highly rated school system, easy NYC commuting options via bus / train and a charming downtown with an array of restaurants and service oriented businesses to choose.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017