1241 River Reach Drive
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 |
|---|---|---|---|
| Sep 8, 2025 | Sold | ||
| Sold | |||
| Aug 20, 2025 | In contract | - | |
| In contract | |||
| Aug 1, 2025 | Price Decreased |
$690,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| May 1, 2025 | Listed by One Sotheby's Int'l Realty | $700,000 | |
| Listed by One Sotheby's Int'l Realty | |||
| | |||
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Beautifully designed 3-bedroom, all ensuite, plus office and half-bath home, offering 2940 sq ft of air-conditioned living space on one of the largest and most private lots in the community — a lushly landscaped .34-acre retreat. Features include impact glass windows/doors, whole house generator, newly screened lanai with pool, kitchen with island & breakfast nook with french doors to the garden. Gated community featuring clubhouse, pool overlooking lake, fitness and tennis courts. Close to shopping, dining, and the beach!
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| Sep 24, 2015 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017