31 Ridge Road
About This Property
With its substantial footprint, impressive lot size, and desirable Smithtown location, this property offers tremendous potential for the right buyer. Bring your contractor and your vision!
Property is being sold strictly AS-IS and will not be delivered broom-clean. The buyer will be responsible for removing all personal property, contents, and debris remaining at the property after closing. Buyers should perform their own due diligence regarding the property's condition, permitted uses, and financing eligibility.
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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 |
|---|---|---|---|
| Sep 11, 2026 | Relisted | $649,000 | |
| Relisted | |||
| Sep 9, 2026 | In contract | - | |
| In contract | |||
| Aug 31, 2026 | Listed by Compass Greater NY LLC | $649,000 | |
| Listed by Compass Greater NY LLC | |||
| Jul 9, 2002 | Sold | ||
| Sold | |||
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About Smithtown
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017