2028 Independence Drive
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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.
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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 24, 2025 | Sold | ||
| Sold | |||
| Oct 10, 2025 | In contract | - | |
| In contract | |||
| Sep 11, 2025 | Price Decreased |
$719,900
↓ $5K
(0.7%) | |
| Price Decreased | |||
| Aug 25, 2025 | Listed by RE/MAX Benchmark Realty Group | $725,000 | |
| Listed by RE/MAX Benchmark Realty Group | |||
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Stunning Colonial in The Reserve! Welcome to this gorgeous 4 bedroom, 2.5 bath gem located in the highly sought-after Reserve subdivision within the award-winning Cornwall School District. Step inside to a grand two-story foyer that sets the tone for the elegance throughout. The main level features a chef’s kitchen with bright white cabinetry, quartz countertops, and stainless steel appliances, flowing seamlessly into the formal dining room, den/office, and formal living room. The spacious family room boasts a wood-burning fireplace and beautiful hardwood floors that extend throughout the entire level. A convenient laundry room and half bath complete the level. Upstairs, the massive primary suite is a true retreat, offering a sitting room, huge walk-in closet, and a luxurious, recently renovated bathroom with double sinks, a soaking tub, and a custom shower. Three additional bedrooms and a full bath provide plenty of space for family or guests. Additional highlights include a full walk-out basement, Nest thermostats, 2-car garage, central air, natural gas heat, municipal services, newly paved driveway (2024) and a brand-new paver walkway. Outdoors, enjoy entertaining or relaxing on the large deck overlooking Browns Pond—the perfect backdrop for peaceful evenings. This is an incredible opportunity to own a home in one of the area’s most desirable neighborhoods.
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| Nov 18, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017