8029 RIDGE RD
About This Property
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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 |
|---|---|---|---|
| Mar 26, 2025 | In contract | - | |
| In contract | |||
| Mar 18, 2025 | In contract | - | |
| In contract | |||
| Mar 11, 2025 | Listed | $875,000 | |
| Listed | |||
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This lovely custom home has been meticulously enhanced and upgraded. With gorgeous sunset views over Middletown Valley and well-planned landscaping, you’ll enjoy the outdoors as much as the luxurious interior of 8029 Ridge Rd. Hundreds of blooms color the yard throughout spring and summer. This custom-built colonial has 3 finished levels with an open floor plan on the main living level. Enjoy the benefits of a whole-house generator and full perimeter Ring camera security system. Recent upgrades include: recessed lighting, refinished hardwood floors on both levels, remodeled all bathrooms, installed custom woodwork detailing in dining room and staircase, replaced balusters with wrought iron, installed built-in bookcases and new carpet in downstairs family room, new shutters, new paint throughout, new closet organizers. Converted one bedroom into a spacious changing room with built-ins. Kitchen has quartz countertops and custom cabinetry, with a gas stove and breakfast area. More storage is available in the laundry/pantry room connecting the kitchen to the large 2-car garage with epoxy floor coating. Enjoy a cozy gas fireplace in the living room or head downstairs to the family room for even more space. Don’t miss the subtle storage at the bottom of the staircase. The lower level is a fully finished walk-out basement, with a wet bar, bathroom and bonus room with closet. This home is a true gem, with privacy, refinement and tasteful touches throughout.
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| Mar 22, 2022 | Sold | ||
| Sold | |||
| Feb 17, 2022 | Listed by Real Estate Teams, LLC | $625,000 | |
| Listed by Real Estate Teams, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017