38
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5657 Red River Dr.
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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 16, 2026 | Listed by United Realty Group | $1,439,999 | |
| Listed by United Realty Group | |||
| Aug 3, 2026 | Sold | ||
| Sold | |||
| Jul 25, 2026 | In contract | - | |
| In contract | |||
| Jun 16, 2026 | Listed by Orgel Realty & Mortgage Co | $1,099,000 | |
| Listed by Orgel Realty & Mortgage Co | |||
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Incredible equity builder with breathtaking valley views! This diamond in the rough is ready for your cosmetic updates to unlock its full potential. The highly desirable layout features a rare dual-bedroom setup on the main level, including the primary suite. A spacious front living room flows through the kitchen toward the back of the home, where you'll find a massive family room addition (300+ sq. ft. fully enclosed rear patio not included in reported square footage)—perfect for large gatherings. Upstairs, discover two additional bedrooms, a full bath, and a versatile bonus loft ideal for a second family room or home office. The level, fully fenced backyard offers a private retreat with stunning, unobstructed views of the lush open space valley to the south. Complete with an attached garage featuring overhead storage, workbenches, and direct entry through the laundry room.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017