2 Ridge Avenue
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 |
|---|---|---|---|
| Jun 26, 2025 | Sold | ||
| Sold | |||
| May 6, 2025 | In contract | - | |
| In contract | |||
| Apr 23, 2025 | Listed | $2,475,000 | |
| Listed | |||
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SHOWINGS AVAILABLE AND BACKUP OFFERS CONSIDERED * Experience the epitome of luxury living in this stunning five or six-bedroom home, meticulously renovated in 2022 to showcase exceptional craftsmanship and high-end materials. Situated on .50 acres of serene landscape, spanning three lots, this property boasts captivating attention to detail and a perfect blend of modern style and functionality. The heart of the home is the modern open kitchen equipped with today's finest conveniences. Expansive living areas include a family room and stately living room, ideal for entertaining, and a formal dining room with a soaring cathedral ceiling and sliders that seamlessly connect to the covered outdoor terrace lounge. The beautifully landscaped grounds feature custom stone walls, a stone patio, and decorative lighting. A separate lot offers water access to Lake Cochituate, complete with a private dock; a rare and precious amenity. See list of additional amenities!
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| Apr 28, 2004 | Sold | ||
| Sold | |||
| Sep 26, 2003 | Listed by Carlson GMAC Real Estate | $589,900 | |
| Listed by Carlson GMAC Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017