768 Route 340
About This Property
Wander through perennial gardens that bloom spring to fall, tend your own vegetables just off the kitchen, or follow soft trails that wind through your private woods. At the end of the day, come home to a family room bathed in natural light, framed by double sliding glass doors that open wide to the expansive backyard. The kitchen connects easily to both the dining area and a screened in porch, perfect for slow mornings, Sunday dinners, or late nights listening to the sounds of the evening.
The upstairs layout includes three bedrooms and two bonus rooms, ideal for creative space, guest rooms, or offices. The primary suite is a standout, with vaulted ceilings, a skylight overhead for stargazing from your bed, and windows that welcome the morning light. A fourth bedroom is located on the main level, offering flexibility for guests or multigenerational living.
Downstairs, there is an additional 747 square feet of dry basement space, great for storage or future finishing. Outside, the lot offers more than just breathing room. It is one of the largest residential properties in the area and may be subdividable under current zoning. Morningside Ave ends just at the southern edge of the land, suggesting a natural extension point for a future second home site.
Palisades is a tight knit hamlet known for its history, its quiet beauty, and its creative spirit. And when you want a change of pace, Tallman Mountain State Park, riverfront trails, and fresh baguettes from The Filling Station are all minutes away. Or get to Manhattan in under 30.
With forced air heating, central AC, and a feeling that is hard to describe but easy to feel, 768 Route 340 is not just a home. It is the kind of place people dream about finding.
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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 |
|---|---|---|---|
| Oct 3, 2025 | Sold | ||
| Sold | |||
| Aug 13, 2025 | In contract | - | |
| In contract | |||
| Jul 24, 2025 | Listed by Keller Williams Hudson Valley | $750,000 | |
| Listed by Keller Williams Hudson Valley | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017