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187 Milltown Road
About This Property
The primary suite provides a peaceful retreat with access to a private deck overlooking the backyard and surrounding woods. Additional bedrooms offer flexibility for guests, family, or home office space. Outside, enjoy the beauty and privacy of the wooded surroundings from the rear deck or explore the natural landscape that creates a true sense of home. Whether you're looking to move right in and enjoy its timeless charm or update it to reflect your personal style, this home presents an exceptional opportunity in a picturesque setting. Conveniently located near shopping, dining, parks, and commuter routes while offering the peaceful feel of a private woodland escape.
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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 |
|---|---|---|---|
| Jul 3, 2026 | In contract | - | |
| In contract | |||
| Jun 18, 2026 | Listed by Compass Greater NY, LLC | $449,000 | |
| Listed by Compass Greater NY, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017