706 Ridge Road
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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.
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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 27, 2023 | Sold | ||
| Sold | |||
| Sep 5, 2023 | In contract | - | |
| In contract | |||
| Aug 13, 2023 | Listed by Dan & Lucy Wilson Realty | $285,000 | |
| Listed by Dan & Lucy Wilson Realty | |||
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Located just outside the Village of Lewiston, this home has had over $80,000 in updates, including: new windows, boiler, hot water tank, 3-zone air conditioning system, electric panel, appliances, driveway, glass block windows in basement, leaf filter gutters, & more! It is situated on a spacious 400 ft deep lot with a brand new shed & lots of room for gardens & recreation. Inside features a living room, with hardwood floors, and a cozy fireplace; 2 bedrooms; a full bath; large eat-in kitchen; and laundry on the 1st floor. Also, there is an elevator to provide handicapped access from the street level to the first floor. On the 2nd floor are 2 more bedrooms, & full bath along with an unfinished bonus room currently used as attic space but with the potential of a 5th bedroom. The full basement features tall ceilings and a fireplace, which makes it ideal for a family/recreation room. It also has a root or wine cellar room. A Florida room with access to a private patio leads to a large 2 car attached garage with lots of storage capacity. The Village offers lots of restaurants, shops and entertainment within walking distance. Owner is anxious to make a move, so come and take a look.
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| Apr 14, 2011 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017