721 Route 340
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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.
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 |
|---|---|---|---|
| Jan 15, 2021 | Sold | ||
| Sold | |||
| Aug 30, 2020 | Listed by Howard Hanna Rand Realty | $439,000 | |
| Listed by Howard Hanna Rand Realty | |||
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This spacious 3 bedroom 2 full bathroom Cape Cod located in the town of Palisades NY...a very special community, in Orangetown school district! A circular driveway greets you as you enter the property. Expanded open floor plan kitchen/dining (adding 9'x12') with skylight over looking private deck and garden making this a perfect place for morning coffee and fun gatherings . The 1st fl Master bedroom & in Master & Spa bath with walk-in shower, whirlpool tub bring nature in to greet you, with floor to ceiling windows & garden views.. On the 2nd fl. another bedroom and full bath & bonus room, a perfect home office. The lower level family room with half bath, private laundry room, lots of storage and an additional room, make it your workshop, it has endless possibilities. You will love living in Palisades one of the most prominent towns in the county, rich in history, community events, Farmers Market & Palisades Library. 10 miles to GW, bus to NYC and close to major highways and shopping.
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About Tappan
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017