18 Cedar Ridge Drive
About This Property
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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 |
|---|---|---|---|
| Oct 9, 2020 | Sold | ||
| Sold | |||
| Aug 5, 2020 | In contract | - | |
| In contract | |||
| May 13, 2020 | Listed by Douglas Elliman Real Estate | $1,300,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Jul 31, 2019 | No longer available | - | |
| No longer available | |||
| Jul 3, 2019 | Listed by Douglas Elliman Real Estate | $1,195,000 | |
| Listed by Douglas Elliman Real Estate | |||
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An incredible deal for a turnkey home just minutes to everything! This four bedroom, three bath home is located on a quiet street in East Hampton's Springs. The first floor has a large open kitchen, living and dining area and guest bedroom. The backyard has a heated saltwater pool and large deck ideal for entertaining. The master bedroom has a spacious bedroom, two walk-in closets and a double vanity sink in the bathroom. There is also a 2-car garage plus a 1,000 sq ft +/- entertainment playroom The manager has listed the unit size as 2250 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017