198 Ramblestone Terrace #101
About This Property
The manager has listed the unit size as 1531 square feet.
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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 |
|---|---|---|---|
| Jun 9, 2020 | No longer available | - | |
| No longer available | |||
| May 12, 2020 | Listed | $499,000 | |
| Listed | |||
| | |||
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Light and bright, this spacious two-bedroom, two-bath 1,531 SF condominium is a short distance to the Lookout Bar and Grill and the Ascent Wellness and Fitness Center in the heart of the Blue Ridge Mountain Club. While this unit has never been rented, it is approved for it and has an impressive short-term rental potential. Featuring outstanding views, this low-maintenance unit is ideal for those who wish to enjoy the many amenities of the Blue Ridge Mountain Club and the convenience of a lock-and-leave. Also included is covered parking and an on-site storage unit. Move-in condition, bring your toothbrush and pets, and begin enjoying all that BRMC has to offer. Nestled in the heart of the magical Blue Ridge Mountain Club, a 6,200-acre gated community that has often been described as living in your personal national park. Amenities include a clubhouse, bar and grill, fitness center, and a sporting club (by Chetola). The community features miles of hiking, fly fishing, ATV trails, speechless views, and the best neighbors you could ever hope for. The manager has listed the unit size as 1531 square feet.
| |||
| Jul 5, 2019 | No longer available | - | |
| No longer available | |||
| Jun 13, 2019 | Listed | $494,900 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/24/2022
| |
Loft
|
-
|
-
|
$199,000
Loft
-
|
-
-
|
Dallas Handy
Realty One Group Results-Boone
|
|
01/18/2021
| |
Loft
|
-
|
-
|
$99,000
Loft
-
|
-
-
|
-
|
|
05/12/2020
|
2 Bed
|
2 Bath
|
1531 ft²
|
$499,000
2 Bed
2 Bath
1531 ft²
|
-
-
|
-
| |
|
11/20/2019
|
2 Bed
|
2 Bath
|
1453 ft²
|
$495,000
2 Bed
2 Bath
1453 ft²
|
-
-
|
-
| |
|
06/13/2019
|
2 Bed
|
2 Bath
|
1531 ft²
|
$494,900
2 Bed
2 Bath
1531 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017