504 Garrison Street
About This Property
Prime value opportunity in East Riverside: 504 Garrison St is a 1,032 sq ft, single-level home on a generous 5,700+ sq ft lot. With two bedrooms, one bath, and classic '40s charm, this property is being sold as-is and priced to reflect it needs TLC. Bring your vision: renovate, rent, or flip. With short drives into downtown, a spacious lot, and a layout that's easy to work with - this one's ready for the next owner to unlock its full potential.
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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 |
|---|---|---|---|
| Dec 9, 2025 | Sold | ||
| Sold | |||
| Nov 24, 2025 | In contract | - | |
| In contract | |||
| Nov 5, 2025 | Price Decreased |
$69,900
↓ $6K
(7.9%) | |
| Price Decreased | |||
| Oct 10, 2025 | Price Decreased |
$75,900
↓ $4K
(5%) | |
| Price Decreased | |||
| Sep 18, 2025 | Listed by Turner Brothers Real Estate, LLC | $79,900 | |
| Listed by Turner Brothers Real Estate, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017