720 Skyridge ROAD
About This Property
The heart of this home is undoubtedly the chef's kitchen, boasting state-of-the-art stainless steel appliances, cabinetry, and pristine solid surface countertops. The entire kitchen was remodeled in 2023.
The kitchen opens to a sprawling backyard oasis, featuring ample space for outdoor activities, gardening, or simply soaking up the sun. It's an idyllic backdrop for summer barbecues, intimate gatherings, or peaceful evenings under the stars. A new vinyl fence was installed in 2023.
Upstairs, the oversized primary suite serves as a private retreat, complete with a spa-like bathroom featuring dual vanities, a soaking tub, and a separate shower. The bathroom was fully renovated in 2023.
Three additional bedrooms offer flexibility for guests, or a home office. Located in a highly desirable area, this home is just minutes away from shopping, dining, and parks. With its thoughtful design, high-quality renovations, and prime location, this property is not just a house-it's the perfect place to call home.
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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 17, 2024 | Sold | ||
| Sold | |||
| May 16, 2024 | In contract | - | |
| In contract | |||
| May 8, 2024 | Listed by DENIZ REALTY PARTNERS LLC | $465,000 | |
| Listed by DENIZ REALTY PARTNERS LLC | |||
| Dec 29, 2022 | Sold | ||
| Sold | |||
| Sep 13, 2022 | Listed by DENIZ REALTY PARTNERS LLC | $399,900 | |
| Listed by DENIZ REALTY PARTNERS LLC | |||
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About Skyridge Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017