2321 CEDAR GROVE ROAD
About This Property
Inside, you'll find 4 bedrooms, 3 1/2 baths, and 2 fireplaces, along with an outdoor wood furnace for efficient heating. The lower level is an entertainer's dream with a wall of windows, bar area, huge recreation room (pool & ping pong tables convey), a full bedroom and bath-ideal as an in-law suite or guest space.
Step outside to enjoy the beauty of the land with two ponds (one stocked with bass), wooded trails, and plenty of space to explore. Car enthusiasts and hobbyists will love the abundance of garage space: two attached garages plus a detached 3+ car garage with oversized door-perfect for RVs, boats, or equipment.
A rare opportunity to own a property that truly has it all-privacy, recreation, and a stunning log home to match. **PLEASE NO DRIVEBYS**
Property is in forest perserve - it was renewed in 2023 - renews every 10 years, so taxes are low.
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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 |
|---|---|---|---|
| Dec 3, 2025 | Sold | ||
| Sold | |||
| Nov 8, 2025 | In contract | - | |
| In contract | |||
| Sep 11, 2025 | Listed by RE/MAX Roots | $1,175,000 | |
| Listed by RE/MAX Roots | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017