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Map
5815 MEADOW DRIVE
About This Property
The finished lower level expands your living space with a generous recreation room, a large storage and utility area, and a dedicated exercise room that conveniently adjoins a full bath-perfect for guests, hobbies, or a private fitness setup. Thoughtful updates throughout ensure the home is move‑in ready.
Outside, the property is nestled on a quiet, private lot surrounded by mature landscaping, offering a peaceful retreat with natural beauty in every season.
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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 |
|---|---|---|---|
| Mar 20, 2026 | Sold | ||
| Sold | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Jan 24, 2026 | In contract | - | |
| In contract | |||
| Jan 14, 2026 | Listed by Weichert, REALTORS | $549,900 | |
| Listed by Weichert, REALTORS | |||
Property Highlights
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About Spring Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017