31 W Madison
About This Property
The exquisite living room features a gas log fireplace flanked by custom built-ins-ideal for showcasing books, art, or treasured keepsakes-anchored by a dramatic wall of windows. The generous formal dining room opens seamlessly to the living area, creating an elegant space for entertaining.
The open-concept kitchen boasts a generous center island and storage, casual dining overlooking the courtyard gardens, and flows seamlessly into the inviting family room with a cozy gas log fireplace.
Enjoy peaceful evenings in the private, landscaped courtyard or take a short stroll over to the Fearrington meadow or to Jenny's Park for gorgeous sunset views.
Additional highlights include a 2-car attached garage with an 11' x 5' storage closet and professionally designed floral gardens that create a warm welcome at both the front entry and rear garage.
From the Brazilian cherry hardwood floors to the classic window shutters, and the countless upgrades, this property is sure to please! The generously sized office and laundry-utility rooms offer plentiful functional main level living.
Enjoy the enviable Fearrington lifestyle with shady walking trails, pickleball, tennis, bocce, a state-of-the-art fitness center at the Duke Center for Living, and a wide variety of clubs and social activities at The Gathering Place. Just a short stroll away, the Village Center invites you to connect with neighbors at charming cafes, the local wine shop, and the acclaimed Fearrington House Restaurant-one of North Carolina's finest (Relais & Chateaux). Explore boutique gift shops featuring seasonal trunk shows and discover literary treasures at McIntyre's Books, known for its weekly author events and vibrant community spirit.
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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 |
|---|---|---|---|
| Sep 18, 2025 | Sold | ||
| Sold | |||
| Jul 4, 2025 | In contract | - | |
| In contract | |||
| Jun 27, 2025 | Price Decreased |
$825,000
↓ $50K
(5.7%) | |
| Price Decreased | |||
| Jun 12, 2025 | Listed by Coldwell Banker - HPW | $875,000 | |
| Listed by Coldwell Banker - HPW | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017