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8 Madeline Terrace
About This Property
The main level features a spacious living room with hardwood floors beneath the carpeting, a formal dining room, and an eat-in kitchen. Three comfortable bedrooms and a full bathroom complete the upper level. Step outside and enjoy the large deck overlooking the beautiful backyard-perfect for entertaining, relaxing, or enjoying the outdoors.
The lower level offers even more living space with a spacious family room with oversized windows, an additional full bathroom, an oversized laundry room, and convenient access to the two-car garage, including one remote-operated garage door.
The expansive backyard provides plenty of room to enjoy, along with a storage shed for all your outdoor equipment and extras.
BONUS FEATURES INCLUDE: New roof and gutters (2023), new furnace (2023), upgraded 200-amp electrical service, and LOW taxes!
Conveniently located within minutes of the New Jersey border, major shopping, and everyday conveniences. Commuters will love the nearby NYC bus transportation and easy access to major highways, making travel to New York City and surrounding areas a breeze.
Affordability, location, and potential-all in one! Don't miss this incredible opportunity!
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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 |
|---|---|---|---|
| Sep 26, 2026 | In contract | - | |
| In contract | |||
| Sep 7, 2026 | Listed by Platinum Realty Associates | $899,900 | |
| Listed by Platinum Realty Associates | |||
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About Chestnut Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017