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4111 CEDAR POINT Road
About This Property
A rare opportunity to own a versatile multi-residence estate offering privacy, flexibility, and built-in income. Situated on 2.53 acres backing to a preserve, this unique property includes 2 single-family homes plus a barn converted into a 2br apt, creating an ideal setup for multi-generational living, rental income, or a private retreat.
The front residence offers approx.1,700 sq ft, featuring 3 br, 2 ba, an inground pool, and a 2-car garage. This home is currently tenant-occupied.
The barn-converted apt includes 2 br, 1 ba, and a covered carport, and is currently rented.
Together, the existing rentals generate approximately $6,200 per month in income.
The rear home built in 2009 features 4 br, 2 ba, and a 2-car garage. This home is currently non-income producing and is ideal for a an owner-occupied residence, guest house, or future rental opportunity.
Buyer to verify sq. footage
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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 3, 2026 | Price Decreased |
$829,000
↓ $10K
(1.2%) | |
| Price Decreased | |||
| Jun 2, 2026 | Price Decreased |
$839,000
↓ $6K
(0.7%) | |
| Price Decreased | |||
| Apr 3, 2026 | Listed by BOLD & SOLD LLC | $845,000 | |
| Listed by BOLD & SOLD LLC | |||
| Nov 24, 2021 | Sold | ||
| Sold | |||
| Jun 9, 2014 | Listed by BETZ REALTY, INC. | $289,000 | |
| Listed by BETZ REALTY, INC. | |||
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1.53 +/- acres with a 3/2 home, 2 car garage and inground pool. Also a barn/2/1 apartment conversion. The house has a formal living and dining room with a den overlooking the pool. Bedroom are a split arrangement. Both properties are currently rented. An additional 5/2 home on 1 acres is available see MLS 722127
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017