316 Ridgeway
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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 |
|---|---|---|---|
| May 13, 2024 | Sold | ||
| Sold | |||
| Jan 16, 2024 | In contract | - | |
| In contract | |||
| Oct 3, 2023 | Listed by Compass Greater NY, LLC | $595,000 | |
| Listed by Compass Greater NY, LLC | |||
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Incredible & rare opportunity to build your dream home on 0.35 acre of flat, park-like property in one of White Plains most beautiful neighborhoods Gedney Farms. Enjoy a phenomenal location close to schools, train station, country clubs, restaurants, shops, parks and more. Calling all savvy builders, developers, investors and individuals looking to build their dream home! Price includes architect's plans to a build a 4,000+ square foot home so you can stat building soon after closing and potentially have a brand new custom house by next Summer 2024!
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Property Highlights
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About White Plains
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Data Source: OneKey MLS
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Address: 335 Madison Avenue, New York, NY 10017