2-1/2 Ledge St
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 |
|---|---|---|---|
| Sep 5, 2025 | Sold | ||
| Sold | |||
| Jul 29, 2025 | In contract | - | |
| In contract | |||
| Jul 7, 2025 | Price Decreased |
$399,900
↓ $35K
(8.1%) | |
| Price Decreased | |||
| Jun 16, 2025 | Listed by ERA Key Realty Services - Distinctive Group | $435,000 | |
| Listed by ERA Key Realty Services - Distinctive Group | |||
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Welcome to this Antique in historic Sutton! Owners are sorry to leave but are relocating out of state. This remodeled Cape enjoys four bedrooms. Two on the first floor and two on the second. There are also two full baths, one on the first and second floors. The remodel kitchen with Maple cabinets and stainless steel appliances leads to the open area for dining and living room. One first floor bedroom is being used as an office now. There is a good size wooden deck, patio area and mostly fenced in back yard.Nice size shed and paved driveway for 4 to 5 cars. In 2022 these owners had solar panels installed to make the utilities very affordable! This lease can easily be transferred to the new owner. This is a dead end street with wooded trails to enjoy. The property across the street has recently been purchased and we have been told will have a new duplex built. Buyers and their agent can investigate.BTW the sellers have told me the most they have ever paid to NG since Solar is $ 15.00.
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| Apr 30, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017