56 Ridge Street
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 |
|---|---|---|---|
| May 31, 2023 | Sold | ||
| Sold | |||
| May 10, 2023 | In contract | - | |
| In contract | |||
| May 3, 2023 | Listed by Compass | $1,499,000 | |
| Listed by Compass | |||
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This is NOT your typical ranch! Take all that you love about this rare and sought-after style home and multiply it by 10-FOLD! Sprawling over 2 living levels is this 4 bed, 2 full & 2 half bath beauty. Enter in to a gracious foyer that is flanked on either side by the formal living room & formal dining room. The fireplaced family room is open to the kitchen boasting a full eat-in area and a slider to the oversized deck. One wing of the house consists of the main bath and all four bedrooms including the primary with private bath. The other wing of the house is where you'll find a 1/2 bath, ideal for your guests use, and access to the oversized 2 car heated garage with work space. The lower level features a home office, additional 1/2 bath, and a HUGE gym/recreation room with endless opportunities. There's already a TON of living space, but if you need more there are AMPLE areas to expand! Beautiful corner lot (with 2 driveways!) across from Mullen Field and steps from Wright Locke Farm.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017