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22 Icehouse Drive
About This Property
the distance, a new chapter unfolds. Eleven handcrafted townhomes rise along the creek, each built from
the land itself - local timber milled on site, stone from nearby quarries, and mantels carved from reclaimed
barn beams. Local builder John Mullen & Sons, longtime valley neighbors, honors the region's heritage in
every detail - from wood floors milled from Saugerties trees to weathered stone foundations - ensuring
no two homes are alike. These creekside row houses weave a narrative of authenticity and craftsmanship,
inviting residents to become part of a story as enduring as the mountains and as timeless as the creek.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 1, 2026 | Sold | ||
| Sold | |||
| Jul 18, 2026 | In contract | - | |
| In contract | |||
| Apr 14, 2026 | Listed by Compass Greater NY, LLC | $975,000 | |
| Listed by Compass Greater NY, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017