2 Hemlock Rise
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 |
|---|---|---|---|
| May 21, 2026 | Sold | ||
| Sold | |||
| Mar 27, 2026 | In contract | - | |
| In contract | |||
| Mar 5, 2026 | Listed by Compass Greater NY, LLC | $2,699,000 | |
| Listed by Compass Greater NY, LLC | |||
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Summer starts here! Take a dip in your stunning pool and enjoy the everyday comforts of this timeless, move-in ready Colonial set on a picturesque cul-de-sac in one of Armonk’s most desirable neighborhoods. 2 Hemlock Rise offers the lifestyle today’s buyers dream about- elegant living spaces, thoughtful design, and a spectacular backyard retreat!
A dramatic two-story foyer sets the tone, leading to a light-filled great room with soaring vaulted ceilings and a striking floor-to-ceiling stone fireplace. The chef’s eat-in kitchen with a large center island anchors the home and opens seamlessly to inviting gathering spaces, ideal for both everyday living and effortless entertaining. The main level also features a private guest suite with en-suite bath, along with formal living and dining rooms, a powder room, mudroom, and laundry. Upstairs, the spacious primary suite serves as a peaceful sanctuary with two walk-in closets and a spa-inspired bathroom featuring a skylight and large steam shower. Three additional bedrooms are thoughtfully arranged with one en-suite bath and a Jack-and-Jill bath. The walk-out lower level offers exceptional versatility with an expansive recreation room, 7-seat home theater, gym, office, sauna, and full bath.
Outdoors, the home truly shines with a heated stone Gunite pool and spa, expansive deck with summer kitchen, whole-house Generac generator, and a beautifully landscaped backyard creating a private setting perfect for summer days, entertaining, and quiet relaxation. 2 Hemlock Rise is where every day feels like a vacation and summer never has to end.
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| Nov 28, 2016 | Sold | ||
| Sold | |||
| Aug 1, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017