1885 RIVER OAKS Drive
About This Property
Water heater (2015) and a central vacuum system for everyday convenience that still works really well.
Inside, you'll find solid wood kitchen cabinetry, a wood-burning fireplace with an integrated blower that circulates warm air throughout the room, and a primary bath complete with a hot tub. The detached 24x18 garage is fully insulated and finished, with attic storage. With plumbing and electrical already in place, it could easily be converted into an in-law suite, office, or workshop. The main home also offers attic storage space. Just outside, you'll also find a brick oven, great for outdoor cooking and entertaining under the shade of the oaks.
While the home has strong bones and key updates already completed, it offers the perfect canvas for personalization. Cosmetic updates such as flooring, countertops, and wallpaper removal can transform this solid brick home into a showpiece.
The expansive lot provides plenty of room for RVs, boats, and outdoor recreation, making it a true gem for those who value space, privacy, and location.
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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 |
|---|---|---|---|
| Nov 3, 2025 | Sold | ||
| Sold | |||
| Sep 16, 2025 | In contract | - | |
| In contract | |||
| Aug 20, 2025 | Listed by WATSON REALTY CORP | $575,000 | |
| Listed by WATSON REALTY CORP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017