30
Map
5705 REDMOND STREET
About This Property
The property requires renovation and will not qualify for standard financing, making it an excellent opportunity for buyers utilizing renovation financing, private financing, or cash. Whether you're an owner-occupant looking to customize a home to your taste or an investor seeking your next fix-and-flip or long-term rental property, this home offers tremendous upside potential.
Priced to sell and ready for its next chapter. Don't miss this chance to build equity and unlock value in a desirable neighborhood.
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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 26, 2026 | In contract | - | |
| In contract | |||
| Aug 6, 2026 | Price Decreased |
$259,900
↓ $20K
(7.2%) | |
| Price Decreased | |||
| Jul 21, 2026 | Relisted | $279,900 | |
| Relisted | |||
| Jul 19, 2026 | In contract | - | |
| In contract | |||
| Jun 16, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $279,900 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
Property Highlights
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About Brooklyn Park
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$2,350 /mo
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$2,700 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017