185 Cedar 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 |
|---|---|---|---|
| Aug 22, 2024 | Sold | ||
| Sold | |||
| Jul 9, 2024 | In contract | - | |
| In contract | |||
| Jun 20, 2024 | In contract | - | |
| In contract | |||
| Jun 12, 2024 | Listed by Compass Greater NY, LLC | $439,000 | |
| Listed by Compass Greater NY, LLC | |||
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Harmoniously nestled among the trees, this unique home is a serene retreat in the heart of the sought-after hamlet of Kerhonkson. Impressive picture windows fill the space with dappled sunlight, seamlessly integrating the surrounding beauty, and wooden accents give the space a sense of warmth. The owners have made numerous improvements focusing on long-term durability, low environmental impact, and ease of maintenance, including Hardie plank siding, a metal roof, and sustainable materials. The home currently features one bedroom with an open, loft-like bonus space that could be converted back to a bedroom. The renovated bathroom is tranquil with a large tiled shower and beautiful vanity. The reimagined lower level has polished concrete floors with radiant heat, creating a bright office, workshop, or studio space. Outside, a groomed walking path meanders through 2 acres, and a small outbuilding offers additional work/play space. The location is convenient to so many places to explore nature or get a great meal: INNESS, Westwind Orchard, Arrowood Farms, Harana Market, Minnewaska State Park, Mohonk Preserve, and Vernooy Kill State Forest. Plus, you're just 90 miles from the GWB.
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| Jul 9, 2004 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017