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28 Wilson Place
About This Property
Inside, it keeps going: a redone kitchen with quartz counters and all new appliances, fresh vanities and showers in both baths, new floors from the entry on through, a new deck out back, and a roof that went on this year. This is the walkthrough where you stop checking ceilings for stains and start picking a move-in date. When moving day comes, the first thing you open is a box, not a toolbox.
That first night, you light the wood burning fireplace at the end of the living room, pull a blanket over your knees, and watch the front windows go dark while the logs snap and settle, with nowhere else you need to be. Upstairs, the primary bedroom stretches nearly 20 feet with windows on two sides, and the next morning two people get ready at once without trading turns. The other two bedrooms each have more than one window.
By Wednesday you have found the farmers market in front of Town Hall on Main Street, open through early November, and somebody there tells you about the Cornwall Fourth of July, running every year since 1950 with a parade, a historic pageant at Town Hall Park and fireworks after dark. Dinner that evening is at Painter's Tavern on Hudson Street, 5 minutes away.
Saturday belongs to the side yard, the big fenced one, wide and green under the trees. The chairs come out onto the grass after lunch, the leaves crunch underfoot by October, and nobody carries anything back inside until dark.
Sunday takes you down to the river, 7 minutes from home. Cornwall sits right where the Hudson cuts between Storm King and Breakneck Ridge, mountains rising straight out of the water on both sides, and the Riverfront at Donahue Memorial Park puts you at the edge of it all. Kayak tours push off from the shore in summer, the gazebo is the place to watch the light move across the mountains, and on winter mornings you can catch eagles riding the ice downstream. Other weekends it is the hike up Storm King Mountain with the whole valley below you at the top, the sculpture fields at Storm King Art Center, or Black Rock Forest for the days you want more woods than view. Much of that high ground is state park and protected forest, so the ridgelines you see now are the ones you will see in 30 years.
By Sunday night everyone ends up in the finished lower level, a 19 by 21 foot room made for movie night, game day and the workout you actually stick to, with laundry in its own room next door.
Monday morning, the train pulls out of Salisbury Mills station on the Port Jervis line, 11 minutes from your door. Beacon and Metro-North to Grand Central are 20 minutes across the bridge, Route 9W and I-84 are close, Stewart Airport is 15, and Manhattan is 60 miles south.
And the first evening you come home from the city, pulling in at the end of the cul-de-sac under the big trees with your own windows lit, it will feel like you have been coming home here for years.
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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 3, 2026 | Price Decreased |
$539,900
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Oct 21, 2026 | Listed by KW Hudson Valley United | $549,900 | |
| Listed by KW Hudson Valley United | |||
| Apr 27, 2026 | Sold | ||
| Sold | |||
| Feb 4, 2026 | In contract | - | |
| In contract | |||
| Nov 13, 2025 | Price Decreased |
$410,000
↓ $49K
(10.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017