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8 Wedge Road
About This Property
Step into a light-filled living room anchored by a stunning picture window that floods the space with natural sunlight. Gleaming hardwood floors run throughout the entire home, creating warmth and continuity from room to room. The updated cherry kitchen is both stylish and functional, featuring a gas range, Corian countertops, and a striking granite backsplash. It's perfectly designed for everyday living and effortless entertaining.
The inviting family room offers a cozy wood-burning fireplace with custom built-in side cabinets, making it an ideal gathering space year-round. A sliding glass door leads to a patio and an expansive, flat backyard which is beautifully landscaped and ready for outdoor enjoyment. Whether you envision summer barbecues, a play area, or even a future pool, this large, level yard offers endless possibilities.
With five generously sized bedrooms, including one ideal for a home office, there is flexibility to suit today's lifestyle. The spacious primary suite provides a private retreat, complete with a walk-in closet and a large ensuite bath featuring a double vanity, walk-in shower, and a beautiful skylight that fills the room with natural light.
Additional highlights include newer Andersen windows for energy efficiency and comfort, plus a newer Generac whole-house generator for added peace of mind, ensuring you're prepared no matter the season.
This is a rare opportunity to own a move-in ready home in one of the Capital Region's most desirable neighborhoods. Schedule your private tour today and experience all that this exceptional property has to offer.
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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 |
|---|---|---|---|
| May 21, 2026 | Sold | ||
| Sold | |||
| Mar 2, 2026 | In contract | - | |
| In contract | |||
| Feb 25, 2026 | Listed by Gabler Realty LLC | $525,000 | |
| Listed by Gabler Realty LLC | |||
Property Highlights
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About Albany
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017