91 County Route 22
About This Property
This home is conveniently located near many adorable towns for shopping and dining like Port Jervis and Warwick. Orchards, vineyards, and craft breweries can be found 10-20 minutes away and you are only 30 mins to multiple ski resorts, and the Appalachian Trail for skiing, tubing and hiking. All the fun to be had on the Delaware River is 20 mins away - with canoeing, kayaking and tubing in the warmer months! Venture a bit further and discover all the great dining, shopping and arts/entertainment in Newburgh and Beacon. There are multiple options for public transportation to/from NYC as well.
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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%.
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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 |
|---|---|---|---|
| May 16, 2024 | Sold | ||
| Sold | |||
| Mar 31, 2024 | In contract | - | |
| In contract | |||
| Dec 7, 2023 | Listed by Compass Greater NY, LLC | $539,000 | |
| Listed by Compass Greater NY, LLC | |||
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The perfect pairing of historic charm and modern upgrades can be found in this stunning turn of the century schoolhouse. Thoughtfully renovated to preserve many original details, the entire property has been reimagined to create a unique, beautiful, and functional home and you're just over one hour to NYC or 20 mins to a MetroNorth/NJ Transit stop. Extra high 26 ft tall ceilings, exposed brick, and oversized windows are the stars of the show for this special property. Natural sunlight fills this home in a magical way that is truly an experience to behold! Gorgeous woodwork provides a warm atmosphere and the whole home manages to be both loft-like (with its impressive proportions and dramatic spaces) yet incredibly cozy. You'll be inspired to host fabulous dinner parties and to curl up in one of the many cozy nooks with a book. Antique school desks and chalk boards are a playful nod to the home's history! The kitchen was renovated in 2015 and features granite countertops, a large center island, and ample storage. Custom wood cabinetry perfectly complements the original wood details found throughout the home. The first of two bedrooms features the same oversized windows found in the main living space, high ceilings, and french doors. A full bathroom with a tile shower completes the first level of this home. Upstairs there is a second bedroom, another full bathroom, plus two cute bonus rooms that are perfect for guest overflow or work from home spaces. The 460 sq ft finished rec room allows for even more room to spread out with family and friends and has its own separate entrance! This dynamic set up has a little bit of everything providing space for a playroom, craft/reading area, screening room, and a third full bathroom with a luxurious soaking tub. This bonus rec room space - with its separate entrance and full bathroom - is also perfectly appointed to be utilized for WFH and/or a home business (of course complying with any town rules and regs!). The property has also functioned as a popular vacation rental when the owners aren't enjoying it themselves! Outside you will find one acre of open and level lawn with a lovely stone patio set up perfect for grilling, a gazebo, a fire pit area, and a myriad of play houses and other fun activities. Tons of sunshine would make this an ideal spot to add a garden. Keep this space open or add in some fencing or landscaping for more privacy! The entire home was renovated in 2015, and solar panels were installed in 2017 which cover nearly all of the property's electricity! This home is conveniently located near many adorable towns for shopping and dining like Port Jervis and Warwick. Orchards, vineyards, and craft breweries can be found 10-20 minutes away and you are only 30 mins to multiple ski resorts, and the Appalachian Trail for skiing, tubing and hiking. All the fun to be had on the Delaware River is 20 mins away with canoeing, kayaking and tubing in the warmer months! Venture a bit further and discover all the great dining, shopping and arts/entertainment in Newburgh and Beacon. There are multiple options for public transportation to/from NYC as well.
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| Nov 5, 2014 | Sold | ||
| Sold | |||
| Dec 18, 2012 | Listed by ERA Curasi Realty | $199,000 | |
| Listed by ERA Curasi Realty | |||
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Wow you will be absolutely amazed at the incredible renovation of this old Schoolhouse. The artistic design is just breathtaking with all interior walls having full original brick exposure, 26' cathedral ceilings with an awesome master suite with a balcony looking below at the large elongated windows and gorgeous hardwood floors. The Kitchen has all top of the line stainless steel appliances including a 6 burner cook top and double oven. Everything is new stucco siding, roof, windows, kitchen, 2 full baths with amazing custom showers, electric, plumbing you name it and it has been done. This is truly an incredible find!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017