535 Hillside
About This Property
The expansive downstairs only adds to the desire and functionality. This space is extremely versatile- currently encompassing 2 additional and very generously sized bedrooms, a bathroom, a recreation room and/or home theatre room and is even complete with its own kitchenette and a separate entrance. The downstairs utility room offers easy access to the homes heating and plumbing systems and provides more storage space.
On the functional side- this home is kept comfortable by a wood stove, forced air heating system, and plenty of sunlight due to its southern exposure. The plumbing infrastructure from the well to the home is also brand new.
Located behind the main home is a 2 bed 2 bath manufactured home that offers the possibility of rental income or an additional separate living space.
The property itself encompasses a wooded 3.27 acres where you will find a large level area suitable for a lawn, barn or corrals, as well as an existing chicken coop, oversized well house, and seasonal stream.
This recently completed home is throughly impressive, utterly charming, and thoughtfully crafted and now available at a price it could never be recreated for.
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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 11, 2026 | Listed by Thrive Real Estate Company | $825,000 | |
| Listed by Thrive Real Estate Company | |||
| Jan 8, 2024 | No longer available | - | |
| No longer available | |||
| Oct 31, 2023 | Listed by TOWN & COUNTRY PROPERTIES | $350,000 | |
| Listed by TOWN & COUNTRY PROPERTIES | |||
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Located on a dead end street off Chandler road this unique property has lots of opportunity. Sitting on over 3 acres of useable land. This property features two homes, a barn, greenhouse, mature shade trees and plenty of space. One unit is a charming one bed one bath cottage with hardwood floors and vaulted ceilings. Plenty of space underneath for storage or shop space. The second unit is a two bedroom two bath home with a large deck overlooking the land. Includes a spacious barn so you can bring your animals. Plenty of opportunity to live in one unit and rent the other. Properties are furnished and could be used for vacation rental income. The manager has listed the unit size as 1080 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017