54 Redwood Place
About This Property
The finished basement offers additional living space, while the large deck overlooks a fully fenced backyard complete with two storage sheds. Situated on an impressive .63-acre lot, the property offers exceptional outdoor space rarely found at this price point.
Additional highlights include a whole-house generator and a covered front porch. Conveniently located near parks, shopping, and major roadways, this move-in-ready home is one you won't want to miss.
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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 |
|---|---|---|---|
| Aug 21, 2026 | In contract | - | |
| In contract | |||
| Jul 16, 2026 | Price Decreased |
$675,000
↓ $24K
(3.4%) | |
| Price Decreased | |||
| Jun 10, 2026 | Listed by Four Points Realty | $699,000 | |
| Listed by Four Points Realty | |||
| Sep 19, 2016 | Sold | ||
| Sold | |||
| Apr 23, 2016 | Listed by RE/MAX Realty 9 | $289,900 | |
| Listed by RE/MAX Realty 9 | |||
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Spacious Covered front porch welcomes you to this great 3 bedroom, 2 bath expanded ranch with finished basement. Newly refinished Wood floors in LR and 2 bedrooms. Updated kitchen with granite counters. Den could be used as office or guest room. House is freshly painted. Full house generator included. Deck off kitchen leads to big, fenced backyard with 2 sheds for additional storage. Perfect location, close to Rt 9 and 195. Walking distance to town park.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017