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550 Redan Street
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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 21, 2025 | Sold | ||
| Sold | |||
| Apr 1, 2025 | In contract | - | |
| In contract | |||
| Mar 28, 2025 | Listed by Martha Turner Sotheby's International Realty | $1,250,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
| Feb 22, 2019 | Sold | ||
| Sold | |||
| Jan 10, 2019 | Listed by Martha Turner Sotheby's | $975,000 | |
| Listed by Martha Turner Sotheby's | |||
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Modern meets old-world charm in this masterfully reimagined 1935 bungalow- turned-contemporary farmhouse. 550 Redan has 4 bedrooms & 3 full baths. Rustic reclaimed pine wood floors grace the first level. Custom built on-site shaker-style cabinetry, marble counters and flooring soften the harsh contemporary lines. Original pocket doors and hardware give a nod to the homes heritage. 550 Redan has balance, style, and functionality. All within walking distance to some of the areas hottest restaurants, bars, and sought- after Travis Elementary.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017