5880 Cascade Road
About This Property
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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 |
|---|---|---|---|
| Mar 2, 2026 | Sold | ||
| Sold | |||
| Dec 21, 2025 | Listed by NON MLS OFFICE | $665,000 | |
| Listed by NON MLS OFFICE | |||
| Jul 4, 2023 | No longer available | - | |
| No longer available | |||
| Mar 17, 2023 | Listed by The Reynolds Group of Lake Placid, LLC | $299,000 | |
| Listed by The Reynolds Group of Lake Placid, LLC | |||
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2 Structures, 2 Lots in a desirable location w Gateway Corridor Zoning. Major development potential on this .5 acre lot w direct access on Cascade Rd. Conveniently located on the main entry & exit to Lake Placid. 2 tax map parcels, 2nd piece in rear. W buyer due diligence, rear parcel could be a quiet building site or ideal location to have a wooded, brookside escape. Front piece "houses" the two structures. Front 725 SF building has been completely gutted, reinforced & professionally tested for asbestos w neg results. Could be great office, warehouse, studio,home base w a rustic barn feel. Rear 1580SF building has a new slanted roof. Interior contents have been removed & building plans available. So many options w the combo of these two buildings, mixed comm & res zoning in this PRIME LOCATION. Ideas: office/warehouse/primary or secondary home/garage/short or long term rentals. Current septic condition unknown; prof engineered plans available to submit for approval. Recently surveyed. The manager has listed the unit size as 2300 square feet.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017