3 Summit Avenue
About This Property
Welcome to 3 Summit Ave., Harriman, NY – a diamond in the rough waiting for the right buyer to bring it back to life. This 3 bed, 1.5 bath ranch sits in a quiet neighborhood with excellent commuter access and strong upside potential.
Yes, it needs work – but that's exactly why it's priced to move. Whether you're a seasoned investor looking for your next flip, or a buyer with vision and a toolbox, this is an opportunity to build serious equity.
The bones are there, the location is solid, and the price reflects the work needed. Bring your contractor and your imagination – this one won't last long at this value.
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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 |
|---|---|---|---|
| Jan 6, 2026 | Sold | ||
| Sold | |||
| Aug 13, 2025 | In contract | - | |
| In contract | |||
| Jul 17, 2025 | Listed by HomeSmart Homes & Estates | $349,000 | |
| Listed by HomeSmart Homes & Estates | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017