3470 Pedley
About This Property
Welcome to this exceptional 4-bedroom, 2-bath property set on 1.19 acres-perfectly designed for the serious horse enthusiast or professional trainer. This turnkey estate offers a full, high-end equestrian setup paired with extensive recent upgrades throughout the home and grounds.
The impressive equine facilities include a covered 4-stall mare motel with oversized stalls, plus 4 additional stalls with welded wire. Enjoy an expansive custom tack room, wash rack, and designated areas for a vibration plate and palp chute. A premium hot walker and the lighted 85' x 160' arena make training possible day or night-ideal for performance, conditioning, and daily riding.
The home has been thoughtfully updated with a new circular cement driveway, low-maintenance artificial turf, and fruit trees creating beautifully manicured outdoor spaces. Inside, you'll find fresh interior and exterior paint, new carpet in the bedrooms, and new travertine flooring throughout. The custom kitchen features high-end appliances and opens seamlessly to the family room-perfect for entertaining and everyday living.
Warmth and character abound with three fireplaces-one in the family room, one in the living room, and one in the primary bedroom. The living room also features a full bar setup, ideal for hosting guests. One of the bedrooms has been converted into a custom office with stunning built-ins, providing an ideal workspace or creative retreat. Both bathrooms have been beautifully updated with stone and travertine finishes, adding a spa-like touch. Major system upgrades include a new A/C unit, heater, ducting, and water heater for comfort and peace of mind.
This rare, move-in-ready property blends modern upgrades with top-tier equestrian amenities-an exceptional opportunity for horse lovers, trainers, or anyone seeking space, functionality, and style.
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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 |
|---|---|---|---|
| Apr 17, 2026 | Sold | ||
| Sold | |||
| Apr 8, 2026 | In contract | - | |
| In contract | |||
| Apr 2, 2026 | Relisted | $1,699,000 | |
| Relisted | |||
| Feb 20, 2026 | In contract | - | |
| In contract | |||
| Jan 1, 2026 | Listed by KELLER WILLIAMS RIVERSIDE CENT | $1,699,000 | |
| Listed by KELLER WILLIAMS RIVERSIDE CENT | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017