7015 Redwood Falls Drive
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 |
|---|---|---|---|
| Sep 23, 2025 | Sold | ||
| Sold | |||
| Sep 9, 2025 | In contract | - | |
| In contract | |||
| Aug 6, 2025 | Price Decreased |
$299,000
↓ $11K
(3.6%) | |
| Price Decreased | |||
| Jul 25, 2025 | Price Decreased |
$310,000
↓ $9K
(2.8%) | |
| Price Decreased | |||
| Jun 25, 2025 | Listed by Martha Turner Sotheby's International Realty | $319,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
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Spacious 3 bedroom, 2 and a half bath with recent updates. Family room with fireplace, large den, home office with French doors. Renovated kitchen with Quartz counter tops, subway tiled back splash, custom cabinetry and gas range. Wide plank laminate floors at first floor. Primary suite with seamless glass shower, double sinks and separate tub. Large patio and storage shed at back yard. Neighborhood pool, park, pavilion and endless Armand Bayou hike and bike trails.
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Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017