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24 Sheldrake Place
About This Property
The primary suite offers two walk-in closets and a private spa-inspired bath. Three additional bedrooms provide flexibility for family, guests or a dedicated home office. A finished lower level adds valuable recreational, fitness or workspace. Recent improvements include a new roof, updated hardscaping, two-zone heating and cooling and a newer hot-water heater. With generous living space, thoughtful updates and a highly convenient New Rochelle location, 24 Sheldrake Place offers the room to gather, grow and feel at home from the moment you arrive.
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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 8, 2026 | Sold | ||
| Sold | |||
| Aug 25, 2026 | In contract | - | |
| In contract | |||
| Aug 1, 2026 | Price Decreased |
$1,195,000
↓ $30K
(2.5%) | |
| Price Decreased | |||
| Jul 11, 2026 | Price Decreased |
$1,225,000
↓ $60K
(4.7%) | |
| Price Decreased | |||
| May 22, 2026 | Listed by Sheridan Residential Group LLC | $1,285,000 | |
| Listed by Sheridan Residential Group LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017