531 Cherry Hill Road
About This Property
Designed for both elegance and functionality, the home's spacious layout is perfect for entertaining. It boasts three bedrooms and three full baths, ensuring comfort and privacy for all. Outdoors, enjoy the custom-designed pool, second only in size to the famous Roosevelt pool, providing a luxurious retreat in your own backyard. Whether indoors or out, this property seamlessly blends sophistication with the beauty of nature for an unparalleled living experience. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Attached,
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 10, 2025 | Sold | ||
| Sold | |||
| Dec 18, 2024 | In contract | - | |
| In contract | |||
| Nov 23, 2024 | Relisted | $1,250,000 | |
| Relisted | |||
| Nov 23, 2024 | No longer available | - | |
| No longer available | |||
| Oct 23, 2024 | Listed by Keller Williams Hudson Valley | $1,250,000 | |
| Listed by Keller Williams Hudson Valley | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017