22 The Terrace
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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%.
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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 13, 2023 | Sold | ||
| Sold | |||
| Jun 3, 2023 | In contract | - | |
| In contract | |||
| Apr 14, 2023 | Price Decreased |
$1,850,000
↓ $95K
(4.9%) | |
| Price Decreased | |||
| Mar 29, 2023 | Price Decreased |
$1,945,000
↓ $50K
(2.5%) | |
| Price Decreased | |||
| May 11, 2022 | Listed by Houlihan Lawrence Inc. | $1,995,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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Katonah: With an incomparable location in the heart of Katonah Hamlet, sidewalks lead to train, schools, and shopping conveniences; and best of all, completely turnkey on every level, this striking Victorian Manor is timeless. Dating from 1893 when the Hamlet of Katonah was moved to its present day setting making room for the Croton Reservoir, it easily combines its colorful historical provenance and beautifully restored details with every modern amenity for easy family-style living. A wrap-around sitting porch (complete with a porch swing), invites you into the sun-lit entry with original staircase and sitting room with a double-sided fireplace. Ready for gatherings, the perfect-proportioned dining room; chef's kitchen with breakfast bay; and family room with a half bath all have tall windows with delightful stain glass insets that fill every room with light. The second floor with a broad landing features the main suite with complementing tiled bath and an additional three flexible bedrooms (one is currently a home office). A gabled third-floor has an added bedroom and a private two-bedroom guest suite with a sitting room. Outside, bordered in flowering gardens, the fenced and level lawn with a bluestone terrace is ready for al fresco gatherings. With an unbeatable location in the heart of Katonah Hamlet, this Victorian residence is picture-perfect. Become part of this inclusive community, strolling town sidewalks, browsing boutiques, enjoying fine and family-friendly dining, and create lifelong connections with both new and lifelong community members that have sustained for generations. Take advantage of all Bedford and the Hamlet has to offer Town pools, parks, tennis, playgrounds, and a welcoming community of new homeowners as well as lifelong residents. Come visit Katonah and this beautiful home in a superb location.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017