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Map
231 Cherry Road
About This Property
Laminate flooring going over existing floor is in process. The property features two separate entrances, with access from both Cherry Road and Kent Lane, offering added flexibility and convenience. The lot provides space to create a private outdoor retreat or explore the possibility of a future garage with proper municipal approvals, though permits are required and not guaranteed. Being sold as is. Conveniently located near the Taconic State Parkway, Route 202, shopping, parks, and schools, 231 Cherry Road offers an exceptional blend of location, charm!
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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 |
|---|---|---|---|
| Aug 11, 2026 | Sold | ||
| Sold | |||
| Jun 12, 2026 | In contract | - | |
| In contract | |||
| Apr 24, 2026 | Listed by RE/MAX Town & Country | $310,000 | |
| Listed by RE/MAX Town & Country | |||
| Apr 4, 2025 | No longer available | - | |
| No longer available | |||
| Nov 23, 2024 | Relisted | $299,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017