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59 Southgate Rd
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 3, 2026 | Listed by Keller Williams Elite | $725,000 | |
| Listed by Keller Williams Elite | |||
| Oct 19, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 7, 2026 | Price Decreased |
$725,000
↓ $50K
(6.5%) | |
| Price Decreased | |||
| Sep 16, 2026 | Listed by Keller Williams Elite | $775,000 | |
| Listed by Keller Williams Elite | |||
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***Now RANGE PRICED - sellers will entertain offers in $725,000-750,000 range.*** Full of Potential & Ready for Your Vision! Welcome to 59 Southgate, a wonderful opportunity in a coveted school district where value and versatility come together. This spacious home offers a flexible layout with three bedrooms on the main level, plus the potential for two additional bedrooms and an office on the lower level—plenty of room for family, guests, or a dedicated workspace. The upgraded kitchen features stainless steel appliances and an open-concept design creating an inviting space for everyday living and entertaining. The spacious primary suite is a true retreat, complete with a cathedral ceiling, jetted tub, separate shower, and generous walk-in closet.The lower level expands your living possibilities with a cozy fireplace, third full bathroom, separate laundry area, and abundant space to relax, work, or entertain. The oversized double garage is heated and offers built-in shelving and excellent storage, with the potential to create your own workshop. Step outside to a large, level yard and expansive paver patio, perfect for summer gatherings, outdoor dining, or simply enjoying the peaceful surroundings. Solar panels help keep electric costs manageable, with approximate usage around $100/month in winter and $50/month return by check in summer. Natural gas heat adds to the home's efficiency.And for nature lovers, you'll appreciate the abundance of wildlife right in your own backyard—a peaceful setting that feels like a private escape while still offering the convenience of a desirable location. So much potential, space, and value—come see everything 59 Southgate has to offer!
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| Feb 13, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017