498 Cornell 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 |
|---|---|---|---|
| Oct 20, 2017 | Sold | ||
| Sold | |||
| May 3, 2016 | Listed by Milbury and Company | $565,000 | |
| Listed by Milbury and Company | |||
| | |||
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Charming antique circa 1830 sits high on a hill overlooking 1.4 acres of land on a scenic country road. The grounds are peppered with perennials and actually offer nooks and crannies for child-play, gardening or grazing animals. The original part of the house was built around 1830 and an addition was added in 1920's. spacious rooms, natural light, hardwood floors are found throughout the house. At the center of the house is an updated kitchen with family room and living room on either side. Woodstove and custom bookcases are found in the family room. Tucked away at the front of the house is a cozy den. The "newer" 1920's section offers, dining and living/playrooms, first floor bedroom and full bath. Three bedrooms and full bath are found on second level. A lovely mahogany deck wraps around the house from front door to kitchen. Three outbuildings, large barn, small barn, and shed allow space for a variety of interests and activities. A truly enchanting and unique property.
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| Nov 20, 2007 | Sold | ||
| Sold | |||
| May 19, 2007 | Listed by Milbury and Company | $499,000 | |
| Listed by Milbury and Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017