25
Map
9 Cole Drive
About This Property
Listed By
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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 |
|---|---|---|---|
| Oct 7, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 6, 2026 | Listed by Houlihan Lawrence Inc. | $3,895,000 | |
| Listed by Houlihan Lawrence Inc. | |||
| Sep 22, 2026 | Listed by Houlihan Lawrence Inc. | $5,895,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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Welcome to Cole Farm, a truly one-of-a-kind private compound set on nearly 10 acres in the bucolic hamlet of Armonk. With seven distinctive structures, dating to 1890, this extraordinary property is rich with character and history – an offering unlike anything else. At the heart of it is the spectacular party barn, an original stable reimagined for modern living and entertaining. Inside, a dramatic vaulted 1,000SF great room joins a game room, kitchenette, art studios, full bath, and 2-car garage, creating an exceptional space. The main residence offers approximately 3,500SF of open living with 4–5 bedrooms. A 2 bedroom accessory cottage that lives comfortably as a 3-bedroom, a carriage house and 3-car carport round out the collection of structures. Also included in the offering is 65 Chestnut Ridge Road, a 3500SF circa-1890 farmhouse. Wildflower meadows and expansive grounds provide a peaceful country setting with an easy commute to the city. Private, relaxed, and anything but ordinary, Cole Farm is a place with the scale, history, and flexibility to become whatever you envision. Located in highly regarded Byram Hills school district and less than an hour from NYC, this is a truly exceptional opportunity to own a property that simply cannot be replicated.
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| Sep 17, 2023 | Relisted | $2,595,000 | |
| Relisted | |||
| Sep 17, 2023 | Price Increased |
$2,795,000
↑ $200K
(7.7%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017