47980 Monarch Cir
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 |
|---|---|---|---|
| Mar 5, 2025 | Sold | ||
| Sold | |||
| Jan 30, 2025 | In contract | - | |
| In contract | |||
| Jan 15, 2025 | Listed by Price & Co. Real Estate | $1,350,000 | |
| Listed by Price & Co. Real Estate | |||
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Welcome home to this incredible Parker property! Nestled on 20 acres, this extraordinary property boasts turnkey equestrian facilities, an 8-car garage/workshop, and a home brimming with charm and thoughtful updates. Lovingly maintained by the same owners for nearly 30 years, every detail of this property has been meticulously cared for, making it truly move-in ready. Originally built in 1923, the home has an addition that preserves its timeless character while offering modern comforts. Upon entering, you'll be greeted by vaulted pine ceilings and expansive windows that flood the home with natural light and showcase the views. The open concept living and dining areas feature a cozy fireplace, while the updated kitchen flows into these spaces, making it ideal for entertaining. The main-level primary suite serves as a private retreat, complete with dual walk-in closets, a luxurious 5-piece en-suite bath with clawfoot tub, and deck access with a hot tub. The main floor also includes a secondary bedroom, 3/4 bathroom, mudroom, and access to a fenced backyard with a deck. The finished basement features two bedrooms, full bathroom, laundry room, and versatile family room with fireplace. From the covered deck, enjoy tranquil views of the landscaped, fully irrigated yard, complete with pergola and fire pit. Equestrians will delight in the 4-stall barn with attached runs, automatic waterers, hay storage, and dedicated grain and tack rooms. Adjacent to the barn is a charming grooming stall with tack lockers and a round pen. The property also includes multiple loafing sheds and paddocks throughout, an outdoor arena and a pristine indoor arena for year-round riding. For hobbyists or car enthusiasts, the 8-car detached garage/workshop offers ample space and versatility. Additional outbuildings provide storage for farm equipment or gardening supplies, while the asphalt driveway ensures convenience and accessibility. This property is one-of-a-kind! Video link: vimeo.com/1046842922
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017