701 RIM Road
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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 |
|---|---|---|---|
| Jan 30, 2026 | Sold | ||
| Sold | |||
| Nov 24, 2025 | In contract | - | |
| In contract | |||
| Oct 8, 2025 | Listed by Innovation Realty | $1,598,999 | |
| Listed by Innovation Realty | |||
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Prime Scenic Drive Location - Spacious Hacienda-Style Retreat!
They say location is everything in real estate—and this stunning Scenic Drive residence delivers on that and so much more. Located in one of the most sought-after neighborhoods, this expansive Hacienda-style home blends timeless charm with classic luxury.
Featuring 6 bedrooms, 6 bathrooms, and a private in-law casita, this 5,911 sq ft home offers ample space for multi-generational living or entertaining. The elegant layout includes a formal dining room, living room, and a cozy family room, all thoughtfully designed for comfort and style.
Step outside to your personal oasis—relax in the detached spa area or take a dip in the custom 2024-built pool. All of this sits on a beautifully landscaped 17,080 sq ft corner lot, making this property as impressive outside as it is inside.
Homes like this rarely come on the market. Don't miss your chance to own a true Rim Road gem. Contact us today for a private tour
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| Nov 27, 2023 | Sold | ||
| Sold | |||
| Sep 15, 2023 | Listed by JPAR EP (869) | $1,509,998 | |
| Listed by JPAR EP (869) | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017