278 Ridge Road
About This Property
Situated on a spacious property with a large, fully fenced backyard and no rear neighbors, this home provides a rare sense of peace and seclusion. Enjoy outdoor living on the expansive rear deck, ideal for entertaining or relaxing.
Inside, the home features an updated kitchen with quartz countertops and stainless steel appliances, along with a cozy living room with a gas fireplace. Recent upgrades include a newer roof and windows, offering both style and efficiency.
Additional highlights include a full basement, a large driveway with ample parking, and a functional layout typical of a Cape Cod home.
This move-in-ready property is perfect for homeowners seeking space, privacy, and modern updates-all in a convenient Long Island location.
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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 |
|---|---|---|---|
| Jul 17, 2026 | Sold | ||
| Sold | |||
| Jun 3, 2026 | In contract | - | |
| In contract | |||
| Apr 25, 2026 | Listed by Gold Key Realty of NY LLC | $589,990 | |
| Listed by Gold Key Realty of NY LLC | |||
| Dec 31, 2013 | Sold | ||
| Sold | |||
| Jun 6, 2013 | Listed by Gold Key Realty of NY LLC | $239,900 | |
| Listed by Gold Key Realty of NY LLC | |||
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About Ridge
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017