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55 Ridge Court
About This Property
Nestled along picturesque Rockledge Drive, one of the area's most sought-after streets lined with historic homes, this beautifully remodeled Victorian residence combines timeless charm with modern luxury. Enjoy shaded streets beneath majestic old oak hammocks, winding roads, and rolling hills that create a truly distinctive setting.
Meticulously renovated to perfection, this exceptional home is situated on a private 0.75-acre lot backing to a preserve area, offering tranquility and seclusion. Major updates include a new 2019 roof, impact-resistant windows and doors, a Generac whole-house backup generator, new gas line, new driveway, stone walkways, and fresh interior and exterior paint.
A welcoming front porch veranda sets the tone for the home's warmth and character. Inside, beautiful bamboo flooring, crown molding, and an open-concept floor plan create an inviting atmosphere. Community dock with 8 slips .
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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 |
|---|---|---|---|
| Aug 14, 2026 | Sold | ||
| Sold | |||
| Jul 15, 2026 | In contract | - | |
| In contract | |||
| Jun 16, 2026 | Listed by Cornell Real Estate | $1,249,000 | |
| Listed by Cornell Real Estate | |||
| Feb 25, 2020 | Sold | ||
| Sold | |||
| Jan 7, 2020 | Listed by Cornell Real Estate | $679,000 | |
| Listed by Cornell Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017