240 Chestnut Drive
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 |
|---|---|---|---|
| Nov 24, 2014 | Sold | ||
| Sold | |||
| Apr 28, 2014 | Listed by ERA Central Realty Group | $419,900 | |
| Listed by ERA Central Realty Group | |||
| Apr 1, 2014 | Listed by ERA Central Realty Group - Bordentown | $419,900 | |
| Listed by ERA Central Realty Group - Bordentown | |||
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Pre listing whole house inspection available!!! North Hanover property in desirable Trotters Ridge, this 4bd, 2.5ba center hall mixes the qualities of a rural community with the comforts of a residential neighborhood. You will immediately feel at home as you enter the grand reception foyer onto the blond hardwood flooring, which flows into the dinning room and extends throughout the gourmet kitchen. Crown molding and custom millwork abound. In the kitchen you will find abundant counters and cabinets organized in easy step saving arrangements, and a huge granite topped center island with even more storage space and room for at least 6 stools. People naturally gravitate to the kitchen, and when you see this one there will be no doubt why. Cooking and serving large groups will be enjoyable , using the duel fuel convection/regular oven with bottom warming tray. Exit the sliding door from the kitchen onto the raised deck, with gated exits on either end. Also from the kitchen you can enter the mudroom, with an entrance to the three car garage from there. Back inside the house enjoy the comfort of the warm family room with vaulted ceiling and stone front fireplace that extends all the way up. The convenient downstairs den has a cozy sitting bench that overlooks the deck. Pass through the formal living room back to the foyer, and up the winding staircase you will find the luxurious master bedroom suite, including private den and dressing area as well as a lavish master bath with soaking tub and separate shower. A heated towel rack and overhead warming light extends the creature comforts on those snowy mornings. A granite topped makeup table and separate sink complete the look. Gaze out over the family room as you walk down the hall to the three large bedrooms. The basement offers many possibilities, and is currently sectioned off using six panel doors. The current configuration is for storage, a workshop, and a getaway area. The convenient walkout is so large that the current owner has been using the basement to restore a car. This property is beautifully landscaped, including a small fish pond and a hot tub.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017