63 Phillips Street
About This Property
The finished lower level provides exceptional flexibility, with a living area, two additional rooms, a full bath, and a kitchenette with refrigerator and countertop space. Its separate entrance opens directly to the backyard. With the required approvals, this versatile space may offer potential as an accessory dwelling or income-producing rental. It is equally well suited for guests, extended household use, recreation, or work.
Outside, the fenced backyard features mature gardens, lawn, flower beds, a covered patio, and an open patio for grilling or gathering around a fire. A large shed with second-level storage, raised vegetable beds, a potting shed, and a chicken coop add character and functionality. A carport provides convenient covered parking for three vehicles, including one covered carport space and two driveway spaces. Beyond the yard, which is a generous distance from the rear neighbor, you can hear Fishkill Creek, creating a rare oasis-like setting-an unusual degree of privacy for this area.
Additional features include central air, an updated bathroom, some newer windows, and other thoughtful improvements. The home is conveniently located 0.7 miles from Beacon's vibrant Main Street, with its many restaurants, coffee shops, boutiques, galleries, breweries, and lively art and music scene. Outdoor activities and everyday conveniences are also close by. Metro-North, Long Dock Park, Mount Beacon Trail, and DIA Beacon are all readily accessible. Come experience the Hudson Valley lifestyle in one of the most convenient locations!
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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 |
|---|---|---|---|
| Sep 3, 2026 | Listed by BHHS Hudson Valley Properties | $749,000 | |
| Listed by BHHS Hudson Valley Properties | |||
| Jun 20, 2019 | Sold | ||
| Sold | |||
| Mar 18, 2019 | Listed by Weichert Realtors | $399,000 | |
| Listed by Weichert Realtors | |||
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Appearances are deceiving!!! Plenty of living space in this home for any situation. Upstairs has large kitchen with dining space, living room, three beds and a full bath with gleaming hardwood floors throughout. Finished downstairs is perfect for in-law setup or extra living space with fourth bedroom and full bathroom, nicely finished. Eat farm fresh eggs from personally designed chicken coop, fenced and ready for chicks. Sit on your private backyard patio and take in the sounds of rambling Fishkill creek in the distance. See this home today, you won't be disappointed!
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| Sep 13, 2001 | Sold | ||
| Sold | |||
| May 27, 1998 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017