3580 S RIVER TERRACE
About This Property
A paved circular driveway welcomes you to the property, centered by a beautiful magnolia tree. Inside, the home features a charming galley kitchen, two spacious bedrooms (virtually staged), two full baths, and an open living room with a cozy pellet stove that flows seamlessly into the dining area and family room.
Step outside to a deck just off the living space, creating an inviting setting for outdoor dining and entertaining. The large backyard offers multiple areas to relax and enjoy the waterfront lifestyle, including a hot tub area and open green space.
A picturesque waterfront walkway, supported by a durable composite bulkhead, leads to the private pier with a boat lift already installed-perfect for effortless boating and direct water access. The expansive three-car detached garage provides exceptional flexibility for storage, a workshop, or future customization. A fenced side yard behind the garage offers additional space ideal for pets, gardening, or recreation.
This property presents a strong opportunity to update and personalize a waterfront retreat. Home is being sold as-is. Buyer to verify water depths (estimated at approximately 4 ft MLW), permitted uses, and any desired improvements.
Loch Haven offers an impressive range of waterfront and recreational amenities for residents and their guests, including a sandy beach with chairs and picnic tables, a pier with boat slips, a scenic river overlook, and a ball field used for neighborhood events. Additional amenities include a recreation area with tennis and basketball courts, a playground, and picnic spaces.
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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 |
|---|---|---|---|
| May 4, 2026 | Sold | ||
| Sold | |||
| Apr 2, 2026 | In contract | - | |
| In contract | |||
| Mar 31, 2026 | Price Decreased |
$799,000
↓ $50K
(5.9%) | |
| Price Decreased | |||
| Mar 12, 2026 | Price Decreased |
$849,000
↓ $50K
(5.6%) | |
| Price Decreased | |||
| Dec 7, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017