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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 |
|---|---|---|---|
| Apr 29, 2026 | Sold | ||
| Sold | |||
| Jan 26, 2026 | In contract | - | |
| In contract | |||
| Oct 4, 2025 | Price Decreased |
$669,000
↓ $30K
(4.3%) | |
| Price Decreased | |||
| Sep 2, 2025 | Listed by RE/MAX Integrity Leaders | $699,000 | |
| Listed by RE/MAX Integrity Leaders | |||
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Welcome to 5 Hastings Drive in Ridge – a beautifully updated expanded ranch offering 2,000 sq. ft. of light-filled living space on an oversized .73-acre lot in a serene, tree-lined neighborhood! With the backyard of your dreams and tons of upgrades, this home is the one you won't want to miss! Step inside to find a spacious living room with crown molding, recessed lighting, and new laminate flooring. The fully renovated eat-in kitchen is the heart of the home, featuring white shaker cabinets, stainless steel appliances (including a Samsung AI fridge), electric cooktop, center island, and an open flow to the formal dining room with vaulted ceilings and a cozy wood-burning fireplace – perfect for entertaining. The main floor includes a primary en-suite bedroom with full bath, plus two additional bedrooms and another updated full bath. Upstairs, you’ll discover an oversized den with vaulted ceilings, a fourth bedroom ideal for extended family or guests, and a huge attic that offers incredible storage or the potential to be finished into more living space. The backyard is a true retreat – totally private and designed for fun and relaxation. Enjoy the in-ground saltwater pool with diving board and slide, beautiful pavers, high-efficiency heater, Loop-Loc cover, and a young liner, pump, and filter. This home also features a 2-car garage, new windows and sliders, 4-year-young central air (downstairs) & 2 year young ductless upstairs, 200-amp electrical panel, a generator switch, a new heat pump & hot water heater (2022), young roof (2017), and financed solar panels for energy savings! Move-in ready with modern upgrades and a dream backyard, this home truly has it all!
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| Jun 18, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017