8585 Ranch Road
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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 |
|---|---|---|---|
| Jun 12, 2024 | Sold | ||
| Sold | |||
| Apr 12, 2024 | In contract | - | |
| In contract | |||
| Mar 22, 2024 | Listed by RE/MAX Direct | $3,500,000 | |
| Listed by RE/MAX Direct | |||
| | |||
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Nestled on a prestigious 3-acre estate, this Parkland property is a true gem steeped in history & renovated to perfection. Embrace the legacy of Parkland with this iconic home and a newly built guest residence, sitting on a mature landscaped lot. With ample space for agricultural pursuits & a driveway for over 30 cars, this property offers a rare blend of heritage and contemporary luxury. The 5 bed 5.5 bath main home, spanning over 4000 square feet, has undergone meticulous remodeling, seamlessly marrying the charm of historic Parkland with modern aesthetics. The 2 bed 2.5 bath newly built guest home includes gym, garage, kitchen, laundry & is a work of industrial artistry. This estate is a testament to Parkland's finest, offering a lifestyle that harmonizes the past with the present.
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| Aug 17, 2020 | Sold | ||
| Sold | |||
| Oct 25, 2019 | Listed by RE/MAX Direct | $1,399,000 | |
| Listed by RE/MAX Direct | |||
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About Parkland
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017