43 Boyce Street
About This Property
Built in 1870, the home showcases classic Second Empire architecture, featuring a striking mansard roof with original fish-scale slate, curved eyebrow dormers, and beautifully preserved period details. Inside, high ceilings, original woodwork, crown molding, plaster ceiling medallions, and a grand staircase with turned balusters reflect the craftsmanship of another era. The finished walk-out lower level features a kitchen, pantry, laundry area, fireplace, powder room, and two exterior access points. Upstairs, the primary bedroom offers a walk-in closet, complemented by additional bedrooms and flexible living spaces with views of Mount Beacon. A covered wraparound porch adds to the home's timeless appeal.
The separate 47 Grove Street parcel provides additional possibilities for buyers interested in future residential construction, subject to municipal approvals. Located near Beacon's Main Street, restaurants, galleries, Dia Beacon, hiking trails, and Metro-North transportation, this property combines historic architecture with an opportunity to explore future development.
Both tax parcels are included in the $899,000 asking price. Any development of 47 Grove Street is subject to applicable zoning, setback requirements, permits, and City of Beacon approvals. Buyers should independently verify buildability, permitted uses, and development requirements with the municipality.
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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%.
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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 |
|---|---|---|---|
| Nov 6, 2026 | Price Decreased |
$899,000
↓ $51K
(5.4%) | |
| Price Decreased | |||
| Sep 21, 2026 | Price Decreased |
$950,000
↓ $49K
(4.9%) | |
| Price Decreased | |||
| Aug 8, 2026 | Price Decreased |
$999,000
↓ $26K
(2.5%) | |
| Price Decreased | |||
| Jul 30, 2026 | Price Decreased |
$1,025,000
↓ $125K
(10.9%) | |
| Price Decreased | |||
| Jul 12, 2026 | Price Decreased |
$1,150,000
↓ $100K
(8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017