51 Mandalay Drive
About This Property
As you enter, you'll be greeted by ample-sized rooms that fill with natural light and a vaulted ceiling in the living room creating a warm and inviting atmosphere. Highlighting the home is the screened 3-season room, perfect for enjoying the outdoors without the hassle of bugs, complemented by two-tiered decking and an expansive patio (630sq.ft.) for entertaining or relaxing. A fenced play area/tot-lot (880sq.ft.) just off the patio is also ideally suited for your four-legged family members as well, offering privacy and a safe space for pets to play. Located close to all amenities, you'll have easy access to the beautiful Hudson Valley, including the Hudson Valley Rail Trail, Work renowned Walkway Over The Hudson (the worlds longest elevated pedestrian bridge/walkway) wine and food tours, and farm-to-table restaurants and bistros.
Additionally, this home is conveniently situated near universities (Vassar, Marist, The Culinary Institute of America, Bard and Dutchess community College as well as many historic sites and museums, with just a 20-minute drive to the Metro North Railway, allowing for easy commuting. Enjoy the majestic Hudson River and all the beauty this area has to offer. This home is ready for your personal touch-don't miss out on this incredible opportunity! Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Attached,
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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 |
|---|---|---|---|
| Apr 16, 2025 | Sold | ||
| Sold | |||
| Mar 19, 2025 | In contract | - | |
| In contract | |||
| Mar 3, 2025 | Listed by Houlihan Lawrence Inc. | $425,000 | |
| Listed by Houlihan Lawrence Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017