8 Tappan Terrace
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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 |
|---|---|---|---|
| Sep 22, 2025 | Sold | ||
| Sold | |||
| Aug 9, 2025 | In contract | - | |
| In contract | |||
| Jul 30, 2025 | Listed by Houlihan Lawrence Inc. | $995,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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Discover this beautifully renovated 3-bedroom, 2.5-bathroom home tucked away on a quiet cul-de-sac in the highly rated Ardsley School District. Enjoy the perfect blend of modern design and everyday convenience, with top schools, dining, and shopping just minutes away. The open-concept kitchen impresses with high-end appliances, sleek finishes, and ample counter space—ideal for both everyday living and entertaining. Spa-inspired bathrooms add a touch of luxury, while the two-car garage and fully fenced yard offer space for outdoor fun, gardening, or relaxing gatherings. The lower level features a spacious family room and a separate office, which can potentially be used as a fourth bedroom—perfect for guests, remote work, or extended family.
Move-in ready and thoughtfully updated throughout, this home offers comfort, style, and an unbeatable location in one of Westchester’s most desirable neighborhoods. Home is equipped with energy efficient solar panels, offering significant saving on utility bills while promoting sustainable living. Some Photos are virtually Staged.
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| May 24, 2017 | Sold | ||
| Sold | |||
| Oct 4, 2016 | Listed by Houlihan Lawrence Inc. | $729,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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About Ardsley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017