279 Randolph Hill
About This Property
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 16, 2025 | Listed by Peter W. Powell Real Estate | $575,000 | |
| Listed by Peter W. Powell Real Estate | |||
| Dec 30, 2023 | Listed by Peter W. Powell Real Estate | $329,000 | |
| Listed by Peter W. Powell Real Estate | |||
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RANDOLPH: Located on 4.73 acres at the top of Randolph Hill, this original Boothman cottage, built in 1914, is nearly pure in its original condition without significant change or modern updates. The large eat-in kitchen has its original cupboards and shelving with a place for a wood stove. There is a big mudroom for storage and utilities, and a large living room which fills the full width of the house, with a rustic brick fireplace and hearth. There are exposed beams and full grain woodwork, a handsome staircase to the second floor, and direct access to the long and broad, covered front porch. The living room and open porch look to the views of field, woodlands and the grandeur of the Presidential Range with Mt. Adams and Mt. Madison. There are three bedrooms, one full and one half bathrooms, a separate garage and woodshed, and yes, there is work to be done... but it is a firm and steady structure. There is a buried oil tank to be removed, and a cesspool at the far edge of the field which continues to service the property but should be examined. You cannot see the cottage from the road, but you can see the heavens and the world from the cottage.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017