32 RESERVOIR Drive
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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 |
|---|---|---|---|
| Nov 6, 2025 | Sold | ||
| Sold | |||
| Oct 14, 2025 | In contract | - | |
| In contract | |||
| Sep 30, 2025 | Price Decreased |
$589,000
↓ $40K
(6.4%) | |
| Price Decreased | |||
| Sep 19, 2025 | Price Decreased |
$629,000
↓ $30K
(4.6%) | |
| Price Decreased | |||
| Sep 17, 2025 | Listed by Coldwell Banker Realty | $659,000 | |
| Listed by Coldwell Banker Realty | |||
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Take a step back in time in this tree and sidewalk lined historic neighborhood. Just around the corner from quaint Franklin Ave with its antique shops, boutiques, cafes, dining and essential businesses, yet tucked away for privacy. Whether you're seeking a full-time residence within a strong community, a weekend escape, or a sound addition to the real estate portfolio, this home provides a versatile fit. Thoughtfully updated throughout, the residence has undergone a complete overhaul, including the backbones: heating, AC, electrical, siding, plumbing and roof. The expansive and sun-filled kitchen with island seating serves as the true heart of the home - ideal for both gatherings and quiet mornings. Just off the kitchen, a half bathroom with washer/dryer hookup, or potential additional full bathroom, further adds everyday convenience. The dining and living rooms flow seamlessly through a wide, historic pocket door - a charming feature that opens fully to create a spacious, connected entertaining area while allowing for separation when desired. With municipal water and sewer, there's no septic system or well to work around, allowing the freedom to use the backyard as a true canvas - reimagine with a pool, gardens, or whatever your outdoor heart desires! The tax figure noted reflects the Assessor's most recent estimation, which accounts for the completed renovations, updates and upgrades. The closest train is in Wassaic, approximately 11 miles.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017