855 Phillips Road
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 |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Jun 3, 2025 | In contract | - | |
| In contract | |||
| May 13, 2025 | Listed by Claussen Walters LLC | $985,000 | |
| Listed by Claussen Walters LLC | |||
| May 9, 2025 | Price Decreased |
$985,000
↓ $210K
(17.6%) | |
| Price Decreased | |||
| Apr 24, 2025 | Listed by Claussen Walters LLC | $1,195,000 | |
| Listed by Claussen Walters LLC | |||
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On the CETA trail system: In the heart of one of America's premier equestrian communities, you'll discover this outstanding 20-acre property that's all about horses. The property is divided into seven fenced pastures. The land is all grass and level to gently rolling. Each paddock is serviced by water from a fantastic well providing a flow of more than 50 gallons per minute. In a European-style design, the barn includes a 2-bedroom, 1,814 sqft home above with a new deck overlooking the pastures. The house is newly renovated inside and out: windows, roof, siding, heating system, paint, etc. The barn has an air-conditioned, heated tack room, feed room, a half bath, and a wash stall. The property also offers several prime locations to build a larger home. There are no restrictions, and fiber-optic internet provides modern convenience. Do you have just a few horses? Change part of the barn into a garage or artist studio. TIEC, restaurants, and grocery stores are close by. Owner-NC broker.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017