302 South Road
About This Property
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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%.
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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.
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 |
|---|---|---|---|
| Dec 16, 2017 | Sold | ||
| Sold | |||
| Jul 9, 2017 | Listed | $759,000 | |
| Listed | |||
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This unique and distinctive retreat is an architecturally designed dairy barn set in the midst of 13.8 acres of open rolling meadow, with a hedgerow of trees and a slice of the Friendship Farm brook. The main living area is the Great Room on the second level with a vaulted ceiling, two spacious bedrooms with 9' ceilings, a full bathroom and a creatively designed loft bedroom overlooking the Great Room. On the ground level there is a den/office and adjoining bath along with a spacious 22' x 21' + 16' x 12' recreation room which leads to an outdoor deck and barbeque area. The ground level also contains a full laundry and storage room. This beautiful property is surrounded by deed restricted land which provides privacy and serenity. The Barn is located 3 miles from the Village of Millbrook with its fine shops, restaurants, library and parks, half an hour from Rhinebeck, and ninety minutes from New York City.The manager has listed the unit size as 2432 square feet.
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| May 17, 2017 | Listed by Houlihan Lawrence Inc | $759,000 | |
| Listed by Houlihan Lawrence Inc | |||
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Offer accepted. This unique and distinctive retreat is an architecturally designed dairy barn set in the midst of 13.8 acres of open rolling meadow, with a hedgerow of trees and a slice of the Friendship Farm brook. The main living area is the Great Room on the second level with a vaulted ceiling, two spacious bedrooms with 9' ceilings, a fine full bathroom and, a creatively designed loft bedroom with a queen bed overlooking the Great Room. On the Ground Level there is a contemporary office and adjoining a fully modernized shower bath, along with a spacious 21'x12' + 16x12' recreation room which leads to an outdoor deck and barbeque area. The Ground Level also contains a full laundry and storage room. This beautiful property is surrounded by deed restricted land which provides privacy and serenity. The Barn is located 3 miles from the Village of Millbrook with its fine shops, restaurants, library, and parks, half an hour from Rhinebeck, and two hours from New York on the Taconic.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017