216 Ridge Drive
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 |
|---|---|---|---|
| Jul 28, 2023 | Sold | ||
| Sold | |||
| Jun 9, 2023 | Listed by My Castle Realty | $232,000 | |
| Listed by My Castle Realty | |||
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Welcome to this charming, recently updated 3-bedroom, 2-bathroom home situated in the highly desired Bridal Ridge Neighborhood. Located conveniently close to shopping and dining spots. Freshly updated with painted interiors, modern ceilings, recessed lighting, and granite kitchen counters. Enjoy the spacious master suite, featuring a large walk-in closet. This home also includes the convenience of indoor laundry and an attached 2-car garage for easy living. Enjoy the well-established lawn, adorned with a diverse array of trees and plants, creating an inviting backyard oasis. The covered patio, conveniently located by the kitchen, offers a peaceful vantage point to enjoy the shade-dappled beauty of your private outdoor haven. A new roof with 30-year shingles was installed during the week of 01/21/2022, ensuring long-term reliability. This home is directly listed by the owner, and we warmly invite buyer's agents to bring their clients.
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| Feb 24, 2022 | No longer available | - | |
| No longer available | |||
| Jan 27, 2022 | Price Increased |
$219,900
↑ $10K
(4.8%) | |
| Price Increased | |||
| Jan 27, 2022 | Relisted | $209,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017