505 Redan Street
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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.
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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 18, 2025 | Sold | ||
| Sold | |||
| May 15, 2025 | In contract | - | |
| In contract | |||
| May 2, 2025 | Listed by Martha Turner Sotheby's International Realty | $1,395,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
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Recent two-story construction with over 3,800 SF (HCAD) on a great lot just blocks from Travis Elementary. 4 beds, 3.5 baths, generous living spaces, and excellent storage make this home an entertainer’s dream. High ceilings, wood floors, and walls of windows throughout. Oversized formal dining with amazing wet bar with wine and Bev fridges, shiplap, & brass/glass shelving. Chef’s kitchen features quartz island and counters, double ovens, Thermador range, and custom cabinetry. Living room with fireplace flanked by three sets of French doors opens to a large covered patio and turfed yard. Light-filled primary w. motorized blinds, built-ins, and large walk-in closet. Spa-like bath with soaking tub, separate shower, herringbone marble tile, and dual sinks with vanity. Three secondary beds with inset ceilings and walk-in closets. Mudroom w. extra storage off garage. Private, turfed, fenced yard with room for cocktail pool or playset. Rare and unique opportunity in coveted Woodland Heights!
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| Apr 29, 2021 | Sold | ||
| Sold | |||
| Jan 27, 2021 | Listed by Boulevard Realty | $1,110,000 | |
| Listed by Boulevard Realty | |||
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505 Redan is a beautifully appointed recent construction home featuring a wide, well-lit foyer, massive formal dining room open to the wet bar with 2nd sink & shiplap accent wall, large island kitchen open to the family room, Quartz countertops throughout kitchen and baths, Thermador range & double ovens, Miele dishwasher, Kitchenaid 42" built in fridge, U-Line wine & beverage fridges, Rinnai whole-house tankless water heater plus Bosch under-sink heater in kitchen for instant on hot water, large primary bedroom with custom motorized blinds, primary bath with huge soaker tub, walk-in glass shower, and Thassos marble tile, huge gameroom up, external blower for kitchen vent hood, Programmable Rain Machine sprinkler controller, Lennox Healthy Climate media air cleaners, 4x8' ceiling-mount storage, wall-mounted shelves, and Wall Control pegboard in garage.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017