163 Droms Road
About This Property
Charming Glenville Residence Awaits Your Vision: Nestled nearly on 2 acres in esteemed Burnt Hills School District, this sizable 2532 total sq.ft asset awaits a dose of your creativity. With promising potential, it offers a chance to customize and add value. Backing to Indian Meadows Park, enjoy immediate access to hiking and cross-country ski trails. The house bears an enduring structure, despite needing some updates. Benefit from a seller offered credit for a new roof and furnace, providing a great stride towards full renovation. Armed with ambition and a tool belt, seize this opportunity to cultivate this gem into your dream residence. Proximity to Indian Meadows Park adds to the appeal. Rear deck is a tear down- DO NOT go on the deck!
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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 |
|---|---|---|---|
| Jun 24, 2025 | Sold | ||
| Sold | |||
| May 3, 2025 | In contract | - | |
| In contract | |||
| Apr 24, 2025 | Listed by Coldwell Banker Prime Properties | $285,000 | |
| Listed by Coldwell Banker Prime Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017