55 Chestnut Ridge Road #5
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 |
|---|---|---|---|
| Mar 16, 2023 | No longer available | - | |
| No longer available | |||
| Mar 2, 2023 | In contract | - | |
| In contract | |||
| Feb 21, 2023 | Listed | $370,000 | |
| Listed | |||
| | |||
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Tons of natural sunlight flows through the floor-to-ceiling living room windows in this tastefully remodeled offering. Sit and listen to the crackle of the fireplace as you unwind in the mountains. This two bedroom, two-and-a-half bath unit is listed as fully furnished - a true turnkey unit. Updates galore and peace of mind with a new roof in 2019 and a new HVAC in 2021. The kitchen was taken down to the studs and features new cabinets, quartz countertops and tile backsplash, new appliances, fixtures, and lighting. Updated flooring throughout, popcorn ceilings removed, and wall-to-wall paint completed in the interior. Bathrooms have also been updated with new vanities, lighting, and fixtures. Many more updates; inquire for list. Don't miss this opportunity to own the perfect space to relax and escape it all. Privately set yet close to SVMA amenities and great dining. Less than 10 minutes to Cashiers.
| |||
| Apr 23, 2022 | No longer available | - | |
| No longer available | |||
| Mar 9, 2022 | In contract | - | |
| In contract | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/21/2023
|
2 Bed
|
2.5 Bath
|
-
|
$370,000
2 Bed
2.5 Bath
|
-
-
|
Faye Wurm
Berkshire Hathaway HomeServices Meadows Mountain Realty - HF
| |
|
03/01/2022
|
2 Bed
|
3 Bath
|
-
|
$260,000
2 Bed
3 Bath
|
-
-
|
Cassie Neal
SILVER CREEK REAL ESTATE GROUP, INC.
| |
|
12/01/2021
|
2 Bed
|
2 Bath
|
-
|
$229,000
2 Bed
2 Bath
|
-
-
|
Cassie Neal
SILVER CREEK REAL ESTATE GROUP, INC.
| |
|
02/22/2019
|
2 Bed
|
3 Bath
|
-
|
$142,900
2 Bed
3 Bath
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017