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1415 Reed Place
About This Property
The home offers great natural light, enhanced by a skylight that adds warmth and openness to the space. The top floor is equipped with Mitsubishi mini splits, providing efficient heating and cooling for year-round comfort. Additional upgrades include Andersen windows and sliding doors, installed in 2013, adding quality, durability, and energy efficiency.
The finished basement provides valuable additional space that can be used for recreation, storage, a home office, gym, or extended living possibilities. Conveniently located near local shops, schools, public transportation, parks, houses of worship, and major roadways, 1415 Reed Place offers the space and practicality buyers are looking for in a Bronx home.
With its semi-attached design, private driveway parking, finished lower level, and desirable updates, this property is a wonderful opportunity to make your next move.
All information is deemed reliable but is not guaranteed. While every effort has been made to provide accurate and up-to-date information, buyers and their agents are responsible for independently verifying all information herein, including but not limited to taxes, square footage, lot size, building details, amenities, and any other material facts.
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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 |
|---|---|---|---|
| Jul 31, 2026 | In contract | - | |
| In contract | |||
| Jul 8, 2026 | Listed by Damico Group Real Estate | $729,000 | |
| Listed by Damico Group Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017