57 Newfane Hill Road
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 |
|---|---|---|---|
| Nov 22, 2024 | Sold | ||
| Sold | |||
| Oct 11, 2024 | In contract | - | |
| In contract | |||
| Sep 13, 2024 | Price Decreased |
$620,000
↓ $65K
(9.5%) | |
| Price Decreased | |||
| Jul 25, 2024 | Listed by OwnerEntry.com | $685,000 | |
| Listed by OwnerEntry.com | |||
| Jul 30, 2017 | Listed | $365,000 | |
| Listed | |||
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For the discerning buyer, this modern, expanded saltbox sits back from the road and enjoys total privacy on 14.6 acres of meadow and woods. This versatile property has a mudroom off the 2-car garage, a formal entry, exposed beams, sensational brick fireplace in the living and dining room, beautiful slate, pine and oak floors and an extensive kitchen with vaulted ceiling, beams, breakfast island and pantry. Of the 3 bedrooms, 2 have walk-in closets and the master also has its own bathroom en suite. Picture windows in the main room, the master and many of the rooms enjoy wonderful views over the lovely field and woods to mountains beyond. Downstairs there is a 23’ family room. Off the kitchen find a 3-season sun porch and brick patio, both surrounded by numerous perennials and a tiered garden. The manicured grounds have numerous flowering trees and shrubs. There’s even a cascading brook that wraps around the house as well as groomed trails through the woods. Overall, it is one of the most organized, immaculate homes we’ve ever offered for sale on a stunning parcel convenient to town.The manager has listed the unit size as 2650 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017