18 Philipse Road
About This Property
Incredible Value for Total privacy surrounded by preserved land with 80 mile views. This stone chalet feels like a mini estate perched like an eagle's nest for full valley and water views. For those seeking the unique and elegant with old world and European style plus perfect Feng Shui. This 1930's Stone House has been modernized with multiple level decking for the roof top of your dreams over 1000 sq feet of deck space. Living Room and Dining room with stone wall accents. European style Kitchen with wood burning stove. Second story bedrooms with doors to the roof deck. Third floor office/den/guest room with access to decking and the top perch. Potential 4th bedroom on the first level. Including additional land parcel for total privacy. Delightful features including: built in Koi Pond, original rock walls and pathways, tiered gardens, built in flower beds. An absolute unique experience for style, energy and peacefulness. Just 55 miles to NYC, close to the Metro North train
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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 |
|---|---|---|---|
| May 13, 2022 | Sold | ||
| Sold | |||
| May 22, 2021 | Listed by Douglas Elliman Real Estate | $585,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Dec 21, 2015 | Sold | ||
| Sold | |||
| May 15, 2015 | Listed by Douglas Elliman Real Estate | $440,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Feb 16, 2006 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017