3128 Dryden Road
About This Property
For those seeking a nature preserve or park-like feeling, this is not to be missed. It could also become a site for a stunning primary home utilizing the existing site work and systems. From the town maintained road, enter through the gated entry and down through the Dryden Brook valley, as the waterway meanders delightfully through the parcel, with a series of riffles and pools, ideal for enjoying the serene sounds of flowing water and recreational pursuits including fishing and enjoying the swim holes. Crossing the bridge and up to the main development site will find the Wildwoods Recreational Vehicle with fully functional systems, tied into buried electric, a drilled well, and a septic system. The site sits elegantly back from the road, offers distant views and uncompromised privacy. From here, several trails lead further uphill, with plentiful switchbacks and side trails to explore the diverse tree types, topographic nuances, and wildlife habitats. At the very top, an older stone quarry site exists, along with some nice rock outcroppings and mountain-top views. In addition, the location is just minutes from the Cannonsville Reservoir, multiple NYC DEP public access land parcels, vibrant towns such as Walton (10 minutes), Deposit and Hancock (20 minutes), and is under 2:45 from metro NY. This one is stunning, with that hard-to-find inherent feeling of seclusion and serenity.
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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 19, 2025 | Sold | ||
| Sold | |||
| Jul 30, 2025 | In contract | - | |
| In contract | |||
| Jun 26, 2025 | Listed by Keller Williams Upstate NY Properties | $350,000 | |
| Listed by Keller Williams Upstate NY Properties | |||
| Nov 10, 2021 | Sold | ||
| Sold | |||
| Jun 25, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017