5 Forest Lake 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.
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 |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| Apr 13, 2025 | In contract | - | |
| In contract | |||
| Mar 31, 2025 | Listed by William Raveis Real Estate | $1,799,000 | |
| Listed by William Raveis Real Estate | |||
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Tucked away in the highly sought-after Park Lane Reserve community, this impeccably maintained classic colonial offers 5 spacious bedrooms, 4 bathrooms, and an attached 2-car garage. With nearly 5,000 square feet of living space, the home boasts an abundance of natural light, highlighting the stunning hardwood floors and high ceilings throughout. The grand double-height foyer featuring a hardwood floor with ribbon detailing, sets the elegant tone, leading into the expansive formal living and dining rooms. The open-concept design effortlessly connects the chef's kitchen to the family room, which features a wood-burning fireplace and a sliding glass door leading to a spacious composite deck—perfect for outdoor grilling and entertaining. Enjoy the peaceful, private, and flat backyard that offers an ideal retreat. The primary suite is a luxurious escape, complete with a large walk-in closet and a spa-like ensuite bath, featuring a soaking tub, steam shower, and heated towel rack. Upstairs, four additional spacious bedrooms and a large hall bathroom complete the second floor. The finished walk-out lower level is a standout, offering a summer kitchen, potential 6th bedroom, a full bathroom, office/media room and abundant storage space. The Park Lane Reserve community also provides excellent amenities, including a clubhouse and pool, all just moments from shopping, schools, and the train station!
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| Apr 3, 2023 | Sold | ||
| Sold | |||
| Feb 17, 2023 | In contract | - | |
| In contract | |||
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About Harrison
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017