48 Colony Acres Rd
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 |
|---|---|---|---|
| Sep 26, 2025 | Sold | ||
| Sold | |||
| Aug 31, 2025 | In contract | - | |
| In contract | |||
| Aug 26, 2025 | Price Decreased |
$505,000
↓ $20K
(3.8%) | |
| Price Decreased | |||
| Aug 7, 2025 | Price Decreased |
$525,000
↓ $25K
(4.6%) | |
| Price Decreased | |||
| Jul 17, 2025 | Listed by NRG Real Estate Services, Inc. | $550,000 | |
| Listed by NRG Real Estate Services, Inc. | |||
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Located in the sought-after Blueberry Hill area, this home offers convenient access to Blueberry Hill Elementary, Williams Middle and High School, Bliss Park, and Longmeadow Shops. The classic Colonial layout features a formal living and dining room, complemented by a spacious kitchen and an almost 400 sq ft family room. The family room opens to a flat backyard with a dedicated fenced area, perfect for pets. Upstairs, you'll find three bedrooms, including a generous primary suite and a full bath. This property presents a great opportunity to join a neighborhood surrounded by many higher-priced homes, blending comfort and location at an affordable price.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017