1871 RIVEREDGE DRIVE
About This Property
Enjoy canal views from the spacious Florida room, equipped with ceiling fans for your comfort. Veritcal blinds through out the house.
Step outside onto the expansive wood decking stretching across the waterfront, ideal for outdoor relaxation. The property features a screened room above the boat house, complete with a ceiling fan and city water supply, perfect for enjoying the outdoors in comfort. There's also a covered boat slip (21x9.5) and a carport for added convenience with access to the attic for storage, plus a 10x4 storage room under-roof. This property is on a private road, offering the perfect blend of privacy and waterfront living!!!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 12, 2025 | Sold | ||
| Sold | |||
| Jul 3, 2025 | In contract | - | |
| In contract | |||
| Mar 1, 2025 | Price Decreased |
$340,000
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Feb 22, 2025 | Price Decreased |
$345,000
↓ $3K
(0.9%) | |
| Price Decreased | |||
| Sep 6, 2024 | Listed by RIVER REALTY GROUP | $348,000 | |
| Listed by RIVER REALTY GROUP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017