5385 Breezewood Drive
About This Property
Listed By
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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 |
|---|---|---|---|
| Oct 18, 2026 | In contract | - | |
| In contract | |||
| Sep 23, 2026 | Price Decreased |
$529,000
↓ $20K
(3.6%) | |
| Price Decreased | |||
| Sep 7, 2026 | Listed by CAPITAL GROUP REALTY, INC. | $549,000 | |
| Listed by CAPITAL GROUP REALTY, INC. | |||
| Dec 17, 2025 | Listed | $59,500 | |
| Listed | |||
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Discover an exceptional building opportunity on Breezewood Drive, surrounded by custom homes and an elevated, established neighborhood setting. This parcel offers a head start on construction with a completed grading permit, compaction report, active PID water, and passing septic evaluation already on file, giving future buyers confidence and reducing upfront development timelines. The surrounding area features beautifully finished new construction, including a custom home next door, showcasing the quality and pride of ownership that defines this neighborhood. With gentle terrain, mature trees nearby, and a quiet street that sits just above much of town, this homesite provides a peaceful and refined atmosphere while still offering convenient access to Paradise amenities. Bring your vision and build something truly special in one of Paradise’s more desirable pockets.
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| Dec 6, 2025 | Listed | $70,000 | |
| Listed | |||
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Build-ready and fully graded lot with septic and leach lines passed, survey completed, compaction test done, and an active water account already in place. The road is scheduled to be resurfaced this spring, and there are talks of the neighborhood becoming a gated community. A rare, truly turnkey parcel in a rapidly improving area.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017