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231 N RIDGEWOOD AVENUE
About This Property
Beautiful tile and wood flooring run throughout the home, creating a clean and cohesive feel. Sliding glass doors lead to a large deck overlooking the expansive fenced backyard, providing the perfect space for outdoor gatherings, pets, or gardening.
The property also includes a detached garage and additional storage shed for all your tools, toys, and beach gear.
Located in a highly desirable area, you'll enjoy being within walking distance to local shops, restaurants, and the Intracoastal Waterway, while the beach is just a short bike ride away. This home offers the perfect combination of character, comfort, and coastal lifestyle.
Updated plumbing, new appliances, new deck, fence, updated electric and brand new HVAC July 2026
Don't miss your opportunity to own a charming home in an unbeatable location!
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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 |
|---|---|---|---|
| Jul 25, 2026 | Price Decreased |
$299,900
↓ $20K
(6.3%) | |
| Price Decreased | |||
| May 19, 2026 | Price Decreased |
$319,900
↓ $10K
(3%) | |
| Price Decreased | |||
| Mar 16, 2026 | Listed by REALTY EXCHANGE, LLC | $329,900 | |
| Listed by REALTY EXCHANGE, LLC | |||
| Nov 2, 2021 | Sold | ||
| Sold | |||
| Apr 15, 2021 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017