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85 Iron Ridge Lane
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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 28, 2025 | Sold | ||
| Sold | |||
| Feb 13, 2025 | Listed by Real Brokerage Technologies | $929,000 | |
| Listed by Real Brokerage Technologies | |||
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Nestled in a gated cul-de-sac within the highly sought-after Wood Ranch community, this beautifully upgraded home offers a perfect blend of elegance and comfort. A grand double-door entry welcomes you into the light-filled living room, featuring soaring cathedral ceilings, wood-like flooring, and plantation shutters that enhance the home's timeless charm. The remodeled family room boasts custom molding, built-in bookcases, an upgraded fireplace mantel, and integrated surround sound speakers. The open-concept kitchen offers ample storage and functionality, complete with a newer gas range and dishwasher and a charming breakfast nook. The recently remodeled staircase leads to the upper level, where a spacious primary suite awaits with vaulted ceilings, a completely reimagined spa-like bathroom with dual-sink marble vanity, an over-sized, custom marble shower, a free-standing soaking tub, and a generous walk-in closet. Just outside the primary suite, a versatile loft can be used as a den, office, workout area, or whatever you choose. The hall leads to two additional bedrooms and a beautifully updated hall bathroom. One of the secondary bedrooms features a large walk-in closet for added storage. Step outside to a private backyard, complete with a concrete patio, a built-in island and a grassy space--ideal for outdoor entertaining and relaxation. Other features include newer hot water heater, recently painted Interior and exterior, and updated exterior lighting. Located just moments from parks, shopping, and hiking trails, this exceptional home offers the best of gated Wood Ranch living.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017