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8 Saint Michaels Terrace
About This Property
The updated open-concept kitchen is outfitted with high-quality cabinetry, granite countertops, stainless steel appliances, heated floors, and a convenient walkout to the deck-ideal for outdoor dining and entertaining. Main floor windows are "tilt-in" for easy cleaning. The first floor includes a convenient primary bedroom suite with a private bathroom, complete with heated floors and a heated towel rack. A second bedroom and a half hall bath are also located on the main level. Upstairs, you'll find two additional bedrooms and a full hall bath, plus a partial unfinished attic perfect for storage. The second floor also has many built in bookshelves.
The finished basement (rec room) offers abundant space for entertainment and storage, including a large laundry room, half bath, and a workshop (converted from a garage) with a separate walkout entrance. The rec room has its own electric baseboard heating source. An interior perimeter drain system keeps the basement exceptionally dry.
Recent upgrades include a brand new 200-amp electric service with new wiring, ductless mini-split for A/C and Heat, a Generac whole-house generator with automatic transfer switch, and new window shades throughout the main floor-among other thoughtful improvements.
Excellent commuter location-close to highways, Metro-North train, shopping, and restaurants. The Rail Trail bike path and Centennial Golf Course are just around the corner, while Thunder Ridge Ski Area and several scenic state parks are only a short drive away.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 18, 2025 | Sold | ||
| Sold | |||
| May 28, 2025 | In contract | - | |
| In contract | |||
| Apr 28, 2025 | Listed by RE/MAX Town & Country | $575,000 | |
| Listed by RE/MAX Town & Country | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017