23547 Ivy Ridge
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%.
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 |
|---|---|---|---|
| Oct 17, 2025 | Sold | ||
| Sold | |||
| Sep 20, 2025 | In contract | - | |
| In contract | |||
| Jul 8, 2025 | Listed by eXp Realty LLC | $580,000 | |
| Listed by eXp Realty LLC | |||
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The main home features a beautiful kitchen with stainless steel appliances, double ovens, granite countertops, and a spacious walk-in pantry. Slate floors flow through the downstairs living areas, while wood flooring graces the upstairs. The ample primary bedroom boasts a dreamy closet and a flexible space perfect for a home office or sitting area. The property also includes an impressive 35 x 50 garage/ADU with a fully finished 1,380 sq ft apartment upstairs which features two bedrooms, a full kitchen, living room, and remodeled bath. Below the main garage apartment, a separate ADA-compliant suite offers a bedroom, bath, and kitchenette it also features a wheelchair-accessible bathroom shower. Both the upstairs and downstairs units have separate access, functioning as two independent spaces. The 6-car driveway with an RV 50A outlet provides ample parking for all your vehicles. This home is a rare blend of luxury and comfort while offering a great opportunity for rental income.
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| Jul 4, 2025 | Price Decreased |
$580,000
↓ $19K
(3.2%) | |
| Price Decreased | |||
| Jun 8, 2025 | Price Decreased |
$599,000
↓ $26K
(4.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017