Lot 2R Ridge Road Extension
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 |
|---|---|---|---|
| Feb 14, 2025 | Sold | ||
| Sold | |||
| Jan 30, 2025 | In contract | - | |
| In contract | |||
| Dec 5, 2024 | Listed by LAER Realty Partners | $165,000 | |
| Listed by LAER Realty Partners | |||
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**Stunning Hillside Acreage in Premiere Neighborhood** Nestled in one of the most prestigious neighborhoods, this exceptional 5-acre parcel offers the perfect canvas to create your dream estate. Perched on a picturesque hillside, the property boasts sweeping, unobstructed views of the surrounding landscape—an ideal setting for serene sunrises and golden sunsets. This luxurious lot is ready for your vision, featuring modern conveniences such as town water and sewer services, as well as underground utilities that preserve the natural beauty of the area. Whether you envision a contemporary masterpiece or a timeless retreat, this property’s gentle terrain and ample space provide endless possibilities. Secluded yet connected, this private cul-de-sac offers a harmonious blend of privacy and proximity to local amenities, dining and shopping. Embrace the rare opportunity to own a slice of paradise, don't miss your chance to turn this exclusive hillside haven into your ultimate sanctuary!
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| Feb 28, 2024 | Sold | ||
| Sold | |||
| Feb 11, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017