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Map
2861 RIDGE ROAD
About This Property
FINANCING OPPORTUNITY: Qualified buyers may have the opportunity to assume the seller's existing FHA loan at an incredible 2.85% interest rate, subject to lender approval and assumption requirements. Seller is also offering a $10,000 closing-cost credit!
This spacious home offers room to live, work, entertain and grow. The versatile layout includes generous living spaces and a finished lower level-ideal for guests, a home office, recreation space or multigenerational living.
Step outside and enjoy your own backyard retreat! The in-ground pool is filled and ready to enjoy, with plenty of additional yard space for entertaining, cookouts and outdoor living. Situated on approximately 0.46 acres, this property offers the space and privacy buyers are looking for while remaining convenient to shopping, dining, commuter routes and everyday amenities.
5 Bedrooms | 3 Full Baths | 2-Car Garage | In-Ground Pool | Nearly ½ Acre
At the new price of $525,000, plus a $5,000 seller credit and potential 2.85% FHA loan assumption, this is an opportunity worth seeing.
Schedule your private showing today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 7, 2026 | Sold | ||
| Sold | |||
| Aug 24, 2026 | In contract | - | |
| In contract | |||
| Aug 6, 2026 | Relisted | $525,000 | |
| Relisted | |||
| Jul 27, 2026 | In contract | - | |
| In contract | |||
| Jun 19, 2026 | Listed by KC Realty Group | $540,000 | |
| Listed by KC Realty Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017