18 Grammar Road
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 |
|---|---|---|---|
| Apr 8, 2025 | Listed | $679,000 | |
| Listed | |||
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Charming Antique Cape with Modern Touches and Endless Possibilities Step into this beautifully restored antique Cape, where timeless character meets modern comfort. Nestled on scenic acreage, this 4-bedroom, 3-bath home is brimming with charm. Enjoy the warmth and ambiance of two fireplaces and woodstove hearths, perfect for cozy evenings. The rich wood floors throughout add to the home's inviting atmosphere, while the expansive porch offers a serene space for relaxation and entertaining. But that's not all — this property also includes a spacious 1-bedroom accessory apartment, ideal for guests, family, or even as rental income. The 40x60 barn has recently been raised, with a new foundation poured, offering ample space for storage, hobbies, or even a business venture. The beautiful pasture fields surrounding the property provide a peaceful backdrop and the perfect setting for farming or agricultural endeavors. With zoning for business, agriculture, and farming, the possibilities for this unique property are endless. Whether you're looking for a private retreat, a working farm, or a home with income potential, this stunning Cape is ready to meet your needs. Don't miss the chance to own this rare gem — contact us today to schedule a showing!
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| Apr 19, 2023 | No longer available | - | |
| No longer available | |||
| Nov 1, 2022 | Listed by Lakeside Realty LLC | $975,000 | |
| Listed by Lakeside Realty LLC | |||
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Expansive cape renovated to suit a post and beam home. Kitchen, dining, laundry, first floor bedroom, living room pantry and bath on the first floor. Second floor is 2 bedrooms and a bath. Accessory apartment is a 1 bedroom, living room, kitchen and bath. Wood floors throughout. Large beautiful barn, 17+- acres along busy Rte 202 Corner lot. Open for making it your home, farm, commercial land, so many possibilities. Seller must find suitable housing prior to closing.
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| Jun 5, 2020 | No longer available | - | |
| No longer available | |||
| May 27, 2020 | Price Decreased |
$399,000
↓ $551K
(58%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017