280 Route 164
About This Property
With nearly 3,000 square feet of living space, the home blends timeless architecture with a warm, modern style. The main level features an updated kitchen with breakfast bar, spacious dining room, first-floor bedroom, renovated full bath, and an additional study perfect for work-from-home living.
Upstairs is where the home truly shines. A dramatic living room with fireplace opens to spectacular western-facing views over Turtle Pond Reserve and a deck perfectly positioned for sunset evenings overlooking the water. A massive family room adds even more space to gather and unwind, while the primary suite includes a newly renovated en-suite bath. There is also an additional bedroom and an office on this level. A new roof was also added within the last year.
Outside, enjoy exclusive rights to Turtle Pond for fishing, rowing, and winter ice skating, along with endless nearby hiking and outdoor adventures. The combination of level usable land, protected open space, and stunning natural surroundings makes this property feel peaceful, private, and deeply connected to nature.
Located in Patterson, you're close to charming towns like Pawling, Brewster, and Katonah, with easy access to favorites like McKinney & Doyle Fine Foods Cafe, Farmer and the Fish, Tilly's Table, nearby orchards, skiing at Thunder Ridge Ski Area, and hiking at Great Hollow Nature Preserve. Plus, Whole Foods and Trader Joe's are just 20 minutes away in Danbury. All only 55 miles north of the George Washington Bridge.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017