47 Point Ridge
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%.
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 12, 2025 | Sold | ||
| Sold | |||
| Jun 6, 2025 | Listed by Heney Realtors - Element Real Estate (Montpelier) | $518,000 | |
| Listed by Heney Realtors - Element Real Estate (Montpelier) | |||
| May 31, 2018 | Sold | ||
| Sold | |||
| Dec 11, 2017 | Listed by Heney Realtors/Montpelier | $295,000 | |
| Listed by Heney Realtors/Montpelier | |||
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This captivating hillside contemporary ranch style home has a wonderful design that allows for easy one level living.The great room has a cathedral ceiling & large window array plus a cozy gas fireplace. The adjacent kitchen has an efficient design & a sunny dining area that connects out to a private deck with a retractable awning. The master bedroom with its own bathroom & a walk-in closet, a second bedroom, laundry room & half bath are all on the main level. The oversized finished two-car garage conveniently enters directly to the entry foyer. The lower level is a full walk-out that includes a large recreation room with a wet bar. Glass doors open to a deck & to the yard. A third bedroom & bathroom make this an ideal guest suite. Plus, an interior game room is ideal for a pool table. A large cedar lined closet is great for off season storage. The utility portion of the basement is arranged as a shop space with built-in workbenches & a utility sink. A separate storage closet is lined with shelves. The big landscaped yard is ideal for summer fun and gardening. A terrific shop/studio was built to match the house & is arranged as a woodworking shop. A utility garage door on the north end allows for equipment to move in and out.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017