31
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24 S Gate Drive
About This Property
Just off the kitchen, step onto the expansive 12' x 24' Trex deck overlooking the private backyard-an ideal setting for outdoor entertaining, summer barbecues, or simply unwinding in your own peaceful retreat. The bedrooms feature ceiling fans and carpeting over hardwood floors, offering the flexibility to expose the original hardwood if desired. The finished lower level provides exceptional versatility and can easily serve as a mother-daughter setup, guest suite, recreation room, or home office. Additional highlights include replacement windows with a transferable lifetime warranty and numerous thoughtful updates throughout. Ideally located just minutes from Route 9, shopping, schools, the hospital, and the train station, this move-in-ready home offers the perfect blend of comfort, style, and convenience.
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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 |
|---|---|---|---|
| Aug 24, 2026 | In contract | - | |
| In contract | |||
| Aug 14, 2026 | Relisted | $499,000 | |
| Relisted | |||
| Aug 4, 2026 | In contract | - | |
| In contract | |||
| Jul 29, 2026 | Listed by BHHS Hudson Valley Properties | $499,000 | |
| Listed by BHHS Hudson Valley Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017