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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 31, 2022 | Sold | ||
| Sold | |||
| Dec 10, 2021 | Listed by DAY AND COMPANY INC | $120,000 | |
| Listed by DAY AND COMPANY INC | |||
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DESIRABLE VACANT LOT WITH DETACHED 2 CAR GARAGE WITH NEWER DOORS AND A WOOD BURNING STOVE, PLUS 4 CAR DETACHED CARPORT, ROOM TO BUILD YOUR OWN HOME, ELECTRICITY CURRENTLY IN THE GARAGE IS CONNECTED TO THE HOUSE NEXT DOOR, BUT WILL BE DISCONNECTED PRIOR TO CLOSING. BUYER WILL NEED TO GET ELECTRICITY, PAY FOR WATER & SEWER TAP FEES, AND ALL OTHER FEES ASSOCIATED WITH BUILDING ON THE HOME. THE SELLER HAS A SPECIAL PERMIT TO BE ABLE TO HAVE A TOW TRUCK ON THE PROPERTY. IT IS CALLED A HOME OCCUPATION PERMIT. BUYERS WOULD NEED TO APPLY IF THEY ARE WISHING TO DO SOMETHING SIMILAR. DON'T MISS OUT ON THIS GREAT OPPORTUNITY.
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About Hudson
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Last Updated: 7 months ago
Data Source: REcolorado MLS, MLS# IRE9104294
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017