$370,000
●
Condo -
Off Market
6 Forge Gate Drive #G5
Philipstown, NY 10516
2 Beds
1 Bath
940 Ft²
$2,538
Est. Monthly
$479
HOA / Fees
7.14%
Cap Rate
About This Property
Two bedroom condo in the heart of Cold Spring with seasonal views
of the Hudson River. Wood floors, spacious kitchen, newly painted
walls, and plenty of storage. Amenities include a community pool,
storage unit, reserved parking, and laundry. With Cold Spring's
Main Street just around the corner, enjoy all that this charming
village has to offer with its many shops, restaurants, and cafes.
Easy access to New York City and the surrounding Hudson Valley via
the Metro-North Railroad is a few blocks away. The gorgeous
riverfront is just a short walk. Close to hiking paths and trails.
HOA includes heat, water, sewer, trash, basic cable, snow removal,
and exterior maintenance. Additional Information:
Amenities:Storage,HeatingFuel:Oil Above Ground,
Unit Size
940 Ft²
Days on Market
86 days
Land Size
0.01 acres
Price per sqft
$371
Property Type
Condo
Property Taxes
$344
HOA Dues
$479
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (OneKey MLS #KEYH6332615)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Dec 6, 2024 | In contract | - | |
| In contract | |||
| Nov 23, 2024 | Relisted | $349,000 | |
| Relisted | |||
| Nov 23, 2024 | No longer available | - | |
| No longer available | |||
| Nov 6, 2024 | Listed by Houlihan Lawrence Inc. | $349,000 | |
| Listed by Houlihan Lawrence Inc. | |||
Property Highlights
Parking Available
Garage
Parking Details
Parking Features: Assigned
Interior Details
Full Bathrooms: 1
Interior Features: Walk-In Closet(s)
Appliances: Tankless Water Heater, Dishwasher, Refrigerator
Flooring Type: Hardwood
Laundry Features: Common Area
Rooms: 6
Basement: None
Exterior Details
Has Property Attached
Square Footage: 940
Square Footage Source: $0
Property Condition: Actual
Architectural Style: Garden
Year Built: 1977
Pool Features: In Ground
Pool is Private
Lot Features: Near Public Transit, Near School, Near Shops
Lot Size Area: 436
Lot Size Units: Square Feet
Lot Size Acres: 0.01
Lot Size Square Feet: 436
Water Source: Public
Financial Details
Tax Assessed Value: $80,750
Tax Annual Amount: $4,133
Utilities Details
Cooling Type: Wall/Window Unit(s)
Heating Type: Baseboard, Oil
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Snow Removal, Trash, Water, Exterior Maintenance, Other
HOA/Condo/Coop Amenities: Park
HOA Fee: $479
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/06/2024
|
2 Bed
|
1 Bath
|
940 ft²
|
$349,000
2 Bed
1 Bath
940 ft²
|
$370,000
+6.02%
01/31/2025
|
Terese Olsen
Houlihan Lawrence Inc.
| |
|
11/22/2021
|
1 Bed
|
1 Bath
|
744 ft²
|
$249,000
1 Bed
1 Bath
744 ft²
|
$249,000
04/07/2022
|
John Cutler
BHHS Hudson Valley Properties
| |
|
06/07/2021
|
2 Bed
|
1 Bath
|
-
|
$260,000
2 Bed
1 Bath
|
$240,000
-7.69%
08/27/2021
|
Sylvia Wallin
Houlihan Lawrence Inc.
| |
|
07/09/2017
| |
1 Bed
|
1 Bath
|
744 ft²
|
-
1 Bed
1 Bath
744 ft²
|
-
-
|
-
|
|
06/23/2017
|
1 Bed
|
1 Bath
|
744 ft²
|
$175,000
1 Bed
1 Bath
744 ft²
|
$170,000
-2.86%
09/12/2017
|
Joan Manley
Robert A. McCaffrey Realty Inc
| |
|
11/10/2014
|
1 Bed
|
1 Bath
|
744 ft²
|
$159,990
1 Bed
1 Bath
744 ft²
|
$152,500
-4.68%
02/23/2015
|
Christina Acuti
Weichert Realtors
|
Building Info
About Cold Spring
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Last Updated: 4 months ago
Data Source: OneKey MLS
Data Source: OneKey MLS
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