4452 Stage Road
About This Property
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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 |
|---|---|---|---|
| Oct 13, 2023 | Sold | ||
| Sold | |||
| Sep 27, 2023 | No longer available | - | |
| No longer available | |||
| Sep 8, 2023 | In contract | - | |
| In contract | |||
| Aug 16, 2023 | Listed by William Raveis Woodstock | $1,394,000 | |
| Listed by William Raveis Woodstock | |||
| Aug 4, 2023 | Listed by William Raveis Real Estate | $999,000 | |
| Listed by William Raveis Real Estate | |||
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In 1799 a classic Cape style home was constructed in the vernacular style of the day and was proudly sited on the historic Stage Road. The 90 acres of land are pleasantly diverse. Open pasture, mature woodlands, a privately sited pond, 2 cascading brooks, ancient stonewalls and sunlit lawns contribute in creating endless opportunities for enjoyment and exploring! The original Cape portion of the structure features post and beam construction with exposed beams, a central chimney, and wide board wood flooring. An addition to the Cape created a large sunlit kitchen and a dining area with views of lawns and hillsides. Also attached to the Cape is a great room with a dramatic vaulted ceiling. In 1940 the well respected artist, Sanford Ross, purchased the property and utilized this great room as an his artist studio. Of note, while the structure is certainly of historic value there are not restrictions on a new owner renovating or remodeling any portion of the interior or exterior of the buildings. The components of the original Cape easily draw your thoughts back to those early Vermont settlers who built homes to stand the test of time! The land component demonstrates those early settlers innate ability to chose settings with timeless appeal! The existing structures will require updating to meet current day expectations. The location and the land component justify further investment in the property. Bring your creative thoughts for the home and take the time to explore the land! The manager has listed the unit size as 2734 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017