216 Rockledge Avenue
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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 24, 2026 | Sold | ||
| Sold | |||
| Jan 23, 2026 | In contract | - | |
| In contract | |||
| Jan 9, 2026 | Relisted | $475,000 | |
| Relisted | |||
| Dec 9, 2025 | In contract | - | |
| In contract | |||
| Oct 29, 2025 | Listed by Exit Realty Connections | $475,000 | |
| Listed by Exit Realty Connections | |||
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"I want a house with a White Picket Fence", she said! Welcome to this beautifully updated 2-bedroom, 1-bath cottage featuring single-level living at its best, perfect for downsizing or a starter home. Updates from 2017 include a modern kitchen, gleaming hardwood floors, and a sliding glass door that fills the home with natural sunlight. Enjoy 9-foot ceilings, a covered front porch, rear deck, and a fully fenced backyard—perfect for relaxing or entertaining. The Convenient location is within walking distance to schools, shops, the library, and only 6 miles from the Peekskill train station. Buchanan also stands out for being a small village that provides a comprehensive range of services, including its own police, fire, and highway departments. Enjoy nearby Lake Meahagh, offering a park with activities like a basketball court, walking paths, and fishing.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017