31 BALMORAL Drive
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 |
|---|---|---|---|
| Sep 30, 2025 | Sold | ||
| Sold | |||
| Jun 25, 2025 | In contract | - | |
| In contract | |||
| Jun 15, 2025 | Listed by Keller Williams Valley Realty | $859,000 | |
| Listed by Keller Williams Valley Realty | |||
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Gorgeous Contemporary Ranch in Sought-After Chestnut Ridge
Welcome to this stunning contemporary ranch nestled in one of Chestnut Ridge’s most desirable neighborhoods. Designed to impress, this home features dramatic architectural details, including raised plank ceilings and striking floor-to-ceiling trapezoid windows that highlight the rooflines and bathe the interior in natural light.
A crisp white palette provides the perfect canvas for the warm tones of gleaming hardwood floors and wood-planked ceilings, creating a space that feels both modern and inviting. The formal living room is tucked away at the front of the home, offering a peaceful sanctuary ideal for reading, working remotely, or simply unwinding.
At the heart of the home is a beautifully connected, open-concept space combining the kitchen, dining area, and family room—perfect for both daily living and entertaining. From the family room, sliding glass doors open to an expansive deck, extending your living space outdoors and making al fresco entertaining effortless from spring through fall.
The primary bedroom comfortably accommodates king-sized furniture and includes an ensuite bath and walk-in closet. Two additional bedrooms offer generous storage with double closets and share a well-appointed hall bath.
Additional highlights include a slightly oversized two-car garage with it's own split heating/AC system—ideal for both parking and a workspace—and a dedicated shed for storage or gardening equipment. The home has a brand new HVAC system in 2025.
Located just moments from Dexter Park, you’ll enjoy access to ball fields, open green spaces, walking and biking paths, and a serene pond. This is the kind of neighborhood that truly feels like home, offering a strong sense of community and suburban tranquility.
Don’t miss this opportunity, homes like this don’t come around often!
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| Mar 15, 2013 | Sold | ||
| Sold | |||
| Nov 28, 2012 | Listed by Weichert Realtors | $375,000 | |
| Listed by Weichert Realtors | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017