5768 Cavanaugh Drive
About This Property
Main Living Highlights: Move-in ready and meticulously maintained, this freshly painted home features a grand two-story foyer, a dramatic family room with 16-ft cathedral ceiling, custom built-ins and stack-stone gas fireplace. Private office with coffered wood ceiling and built-ins. Gourmet kitchen with granite countertops, center island, breakfast bar, Sub-Zero fridge, Wolf gas cooktop, KitchenAid double ovens, Bosch dishwasher, and separate wet bar with mini-fridge. Elevator shaft with future potential uses as elevator, scullery, or wine cellar. Ideal for multi-generational living. First-floor guest suite with full bath. Screened porch with wall-mounted TV opens to a flagstone patio with built-in grill and professional landscape lighting (front and back). 3-car oversize garage and a beautiful circular driveway.
The Second Floor offers an Expansive Primary Suite with dual walk-in closets, dual linen closets, spa-like bath with soaking tub with jets, dual vanities, oversized shower with body jets. Three additional ensuite bedrooms each with walk-in closets. Everyone gets their own bathroom! A dedicated fitness room with wet bar and interlocking rubber tiles flooring (2022). Additional storage with four hallway closets. Full laundry rooms on both main and second floors.
The Third Floor is an entertainer's dream with full wet bar with mini wine cellar and mini beverage cooler. Home theater projector, retractable screen and built-in speakers. Bonus room and separate full bath. Attic with two walk-in storage areas.
Key Systems & Upgrades: Roof replaced (2022). Kinetico whole-house water softener and reverse osmosis (2022). Rachio 16-zone smart irrigation (2023). 3 WiFi-enabled garage motors w/security cams (2022). Lutron smart switches/dimmers throughout. Central vac system, two whole-house surge protector. Multiple window seals replaced (2024), new ceiling fans in all bedrooms (2024). Fresh interior paint (2025). A rare opportunity for space, privacy, luxury and peace of mind, ready for its next chapter.
See full list of updates in documents. We invite you to contact your preferred agent to schedule a viewing of this exceptional property today! Seller is a licensed Realtor.
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| Apr 28, 2026 | In contract | - | |
| In contract | |||
| Apr 15, 2026 | Price Decreased |
$1,800,000
↓ $50K
(2.7%) | |
| Price Decreased | |||
| Mar 13, 2026 | Price Decreased |
$1,850,000
↓ $50K
(2.6%) | |
| Price Decreased | |||
| Mar 4, 2026 | Price Decreased |
$1,900,000
↓ $35K
(1.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017