915 Turkey Hill 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%.
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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 |
|---|---|---|---|
| Nov 16, 2020 | Sold | ||
| Sold | |||
| Mar 23, 2020 | Listed by Houlihan Lawrence Inc. | $2,500,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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Cascading Ponds on Turkey Hill was the creation of Dr. Franklyn Braemer in the late 1930s and early 1940s. Dr Braemer was a sr. executive for many years with Phizer Pharmaceuticals. This property was his beloved country retreat. The bucolic family-style compound is now 60 acres and an ideal setting for contemporary country living. The main residence is an 1870s, 3740 s.f farmhouse that has 4 BRs and 2.5 BAs.There is a c1930 guest house with first floor bedroom. To the rear of the residence is a vintage barn that is a garage and addtl. guest quarters on the upper floor. This building has solar panels.There is a propane generator that serves all three buildings. In addition, the property offers a tennis court; heated, gunite pool and pool house; greenhouse; potting shed with kiln; and vegetable garden. All are surrounded in beautiful gardens, spring-fed stocked ponds and pastoral views. The property is less than 2 hours from NYC and is conv. to Rhinebeck, Amtrak, Hudson and the TSP.
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| Jan 18, 2020 | No longer available | - | |
| No longer available | |||
| Oct 23, 2019 | Price Decreased |
$3,200,000
↓ $300K
(8.6%) | |
| Price Decreased | |||
| Oct 20, 2019 | Relisted | $3,500,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017