689 River Road
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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%.
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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.
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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 |
|---|---|---|---|
| Dec 2, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jul 11, 2025 | Listed by BHHS Hudson Valley Properties | $1,795,000 | |
| Listed by BHHS Hudson Valley Properties | |||
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Presenting an exquisite contemporary residence on Balmville's prestigious River Road, offering unparalleled views of the Hudson River, the majestic mountains, and the iconic Newburgh-Beacon Bridge. Fully reimagined in 2022, this 3663 sq ft home blends refined design with effortless functionality.
This property features four bedrooms and two full and two half bathrooms. The heart of the home is the expansive living room, complete with a gas fireplace, creating a warm and inviting ambiance. Just beyond is the chef’s kitchen, featuring quartz countertops, premium stainless steel appliances, and a central island that effortlessly connects the family room and dining area, creating an open, cohesive space ideal for everyday living and effortless entertaining.
The primary suite is a true escape, complete with a spa-like bath, custom walk-in closet, and a private deck designed for taking in breathtaking sunrises. Each additional bedroom also enjoys access to its own deck, offering a seamless connection to the outdoors and unmatched vistas at every turn. The main bathroom features a quartz-topped double vanity, tub, and shower. For added convenience, a full-sized washer and dryer are located on the bedroom level.
Screened-in decks on the main level invite three-season lounging and dining, while the finished lower-level bonus space—with private entrance and 1/2 bath—offers ideal flexibility for guests, a studio, or home office. The two-car garage is outfitted with built-in floor-to-ceiling storage and a worktop, and a professionally finished floor, adding to everyday ease.
From its thoughtful interior upgrades to its show-stopping location, this exceptional property offers a rare opportunity to live luxuriously within one of the Hudson Valley’s most treasured landscapes. Short distance to the Powelton Country Club, I-84, I-87, 9W, Beacon's Metro North Station, Stewart International Airport, and all that the Hudson Valley has to offer.
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| Oct 8, 2021 | Sold | ||
| Sold | |||
| Aug 5, 2021 | In contract | - | |
| In contract | |||
| May 14, 2021 | Listed by Rural Connection Inc. | $899,000 | |
| Listed by Rural Connection Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017