261 Ridge Rd
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 |
|---|---|---|---|
| May 24, 2024 | Sold | ||
| Sold | |||
| Apr 19, 2024 | Listed by Success! Real Estate | $649,900 | |
| Listed by Success! Real Estate | |||
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This charming and budget-friendly riverfront residence is the perfect find you've been searching for, situated right on the south river. You can step down your own private stairs directly into the water and swim,kayak,paddle board and fish in your own backyard! Upon entering, you'll be greeted by a spacious open floor plan with hardwood floors throughout and a bright, airy kitchen featuring a large bay window to soak in the picturesque views. The house comprises two bedrooms, one full bathroom, and a half bathroom, as well as a spacious back deck ideal for watching passing boats and a sizable shed ( with electricity) to store all your beach essentials and a great outdoor shower too. The home is filled with natural light and boasts numerous upgrades, including a new whole-house generator and heating system. All this in a quiet seaside location just a stones throw to Humarock beach, marinas, shopping and restaurants
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| Feb 3, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017