45 Summit Street
About This Property
A remarkable opportunity just became even more attractive! 45 Summit Street in the Village of Monroe is now one of the area's most exciting offerings.
Set on a beautifully positioned corner lot of more than one-third acre, this Colonial combines classic character, modern updates, and an unbeatable location. Imagine being just a short walking distance from shopping, the Millponds, the public library, restaurants, and convenient NYC transportation-all while enjoying the charm and tranquility of one of Monroe's most beloved neighborhoods.
Inside, you'll find 3-4 bedrooms, 1.5 baths, sun-drenched living spaces, hardwood floors, and a wood-burning fireplace. The beautifully updated custom eat-in kitchen is a standout feature, showcasing rich wood cabinetry, granite countertops, and stainless-steel appliances, seamlessly connecting to the formal dining room-perfect for everyday living and entertaining alike.
Additional highlights include:
• Spacious office/family room with bonus square footage
• Built-in china cabinet
• Walk-up attic ready for future expansion
• Full basement with endless possibilities
• Whole-house generator
• Newly installed high-efficiency boiler
• Oversized garage and expansive driveway
Step outside to your private backyard retreat featuring a bluestone patio and entertainment-sized gazebo, ideal for summer gatherings, outdoor dining, and relaxing evenings with family and friends.
Conveniently located just minutes from major highways, schools, hospitals, and everything that makes the Hudson Valley such a sought-after destination, this home offers the perfect blend of lifestyle, location, and value.
With its dramatic price reduction and exceptional features, this is an opportunity that savvy buyers won't want to miss.
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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 |
|---|---|---|---|
| Aug 22, 2026 | Price Decreased |
$519,000
↓ $56K
(9.7%) | |
| Price Decreased | |||
| Jun 23, 2026 | Price Decreased |
$574,900
↓ $64K
(10%) | |
| Price Decreased | |||
| May 26, 2026 | Listed by Howard Hanna Rand Realty | $639,000 | |
| Listed by Howard Hanna Rand Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017