6 Algonquin Drive
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%.
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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 |
|---|---|---|---|
| Oct 23, 2025 | Sold | ||
| Sold | |||
| Sep 10, 2025 | In contract | - | |
| In contract | |||
| Aug 7, 2025 | Listed by Compass Greater NY LLC | $1,200,000 | |
| Listed by Compass Greater NY LLC | |||
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Tucked back on a private corner lot on one of Chappaqua’s most desirable and quiet streets, this expanded mid-century ranch offers a rare opportunity to create your dream home in an award-winning school district. The property is well situated on the lot, leaving plenty of space for a pool or future outdoor expansion.
Inside, the home offers a light-filled layout with generously sized rooms, walls of windows, and a natural flow between indoor and outdoor spaces. The kitchen opens to a large living and dining area anchored by a slate-surround fireplace and wide views of the level, park-like backyard. French doors lead to a deck and stone patio—ideal for relaxing or entertaining.
A spacious great room with wood-burning stove and powder room adds flexibility for everyday living. The main level also features an ensuite bedroom with glass doors to the yard, along with two additional bedrooms and a full hall bath. Upstairs, you'll find another bedroom, a full bath, a study, and a bonus room—offering a flexible layout that lives like a 5+ bedroom home.
The current owners have already begun the process of restoring and upgrading the home, and it’s ready for its next chapter. With potential for reconfiguration or expansion (with approvals), this is a smart value opportunity in a location where homes are rarely available at this price point.
Just minutes from the train, town, schools, Whole Foods, and Lifetime Fitness, this peaceful and private retreat offers convenience without compromise.
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| Oct 3, 2019 | Price Decreased |
$799,000
↓ $80K
(9.1%) | |
| Price Decreased | |||
| Sep 12, 2019 | Price Decreased |
$879,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017