271 Read Avenue
About This Property
Here is the Crestwood Colonial you have been waiting for - convenience, charm and quality. Located a 5 minute walk to the Metro North station and around the corner from the Crestwood Library, this location is truly at the heart of Crestwood. The first floor includes the traditional living room/fireplace, dining room, kitchen and powder room. In addition, a family room is located off of the kitchen and walks out to a deck with a view of the sensational backyard that borders the county park adjacent to the Bronx River Parkway. The second floor has a primary suite with a walk-in closet/dressing room, additional closets and a private bath. There are two additional corner bedrooms and hall bath. The basement has a rec room, office, and workshop with walk out to patio and yard. Best of all, the owners are completing the conversion from oil to gas heat with a new boiler (not yet installed) and a new gas line and meter. Work will be completed prior to closing. Don't miss this ideal 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 1, 2026 | Sold | ||
| Sold | |||
| Jun 3, 2026 | In contract | - | |
| In contract | |||
| May 21, 2026 | Listed by Houlihan & O'Malley R. E. Serv | $899,000 | |
| Listed by Houlihan & O'Malley R. E. Serv | |||
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017