230 Springfield Ave
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%.
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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 17, 2026 | Listed by WEICHERT REALTORS | $5,650,000 | |
| Listed by WEICHERT REALTORS | |||
| Jun 18, 2026 | Listed by WEICHERT REALTORS | $5,995,000 | |
| Listed by WEICHERT REALTORS | |||
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Majestic stone, brick, and cedar-shingle estate, is beautifully renovated while preserving timeless details, 10.5' coffered ceilings, original moldings, & grandly scaled rooms, ideally located on a 0.88 acre totally level, completely fenced lot minutes from downtown Summit, train station, & highly rated Lincoln Hubbard Elementary. A gracious entrance hall with radiant heated floors opens to expansive living room w/FP & French doors to an office w/custom mahogany woodwork. The new eat-in kitchen open to family room, features a large island, top-of-the-line appliances, wide-plank hardwood floors, sunlit eating area, & French doors to mahogany deck w/ wrought iron railings. The dining room has coffered ceilings and original moldings. A 3-exposure sunroom w/ radiant heated stone tile floors offers a peaceful retreat. The primary suite features coffered ceilings, 5 windows, 2 walk-in closets, & spa-like bath w/ radiant heated floors. 2 ensuite bedrooms and a sitting room/bedroom w/ fireplace complete the 2nd floor. 3rd floor includes another ensuite bedroom plus 2 bedrooms share a full bath. Walkout lower level has radiant heated floors, an exercise room, full bath w/steam shower, recreation room, kitchenette, temperature controlled wine cellar, and mudroom. Amenities include a whole-house generator, 2 HVAC systems, copper gutters, updated plumbing, security system, and beautiful landscaping! Architect verified there is room for a pool.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017