261 North Road
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%.
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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 |
|---|---|---|---|
| Sep 20, 2021 | Sold | ||
| Sold | |||
| Apr 30, 2021 | Listed by BHHS Verani Bedford | $799,000 | |
| Listed by BHHS Verani Bedford | |||
| Jul 30, 2017 | Listed | $675,000 | |
| Listed | |||
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Custom home built by the original owners preserved a bit of history in keeping the huge red barn of a by-gone era. Currently used for storing cars and other items. With 7 garages, this property is made for the Auto enthusiast. The entire house has been designed with meticulous detail. Enjoy the huge open kitchen just perfect for entertaining and dining with oversized built in seating/lounge nook to comfortably handle your guest or step outside for some al fresco dining on the tiered deck and take a moment to view the pastoral setting. Dinner over, you may wish to head upstairs to the 3rd floor to enjoy some lively conversation at the fully equipped bar or engage in a jovial contest of pool, ping pong or card games. After your guests have gone you can retire to the 2nd floor where the open stair case separates the 4 large bedrooms equally (2 on each side of the house). The master suite includes a wonderful walk in closet, a well appointed master bath and separate seating area to relax and curl up with a good book. Off the Master suite a door leads you to what the owners currently use as their in-home Gym, but would make an excellent in-law or Home Business with it’s separate entrance to the outside. Though it is large in size, there is still a welcoming intimacy to every corner of the home, making it a retreat for day to day life and a remarkable setting for large-scale entertaining. Pleasant Lake Boat Ramp and Veasey Park just down the street. Schedule your showing today. The manager has listed the unit size as 5734 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017