0 Foster Boulevard
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%.
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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 |
|---|---|---|---|
| Oct 8, 2026 | Price Decreased |
$179,900
↓ $10K
(5.3%) | |
| Price Decreased | |||
| Sep 14, 2026 | Price Decreased |
$189,900
↓ $10K
(5%) | |
| Price Decreased | |||
| Aug 7, 2026 | Listed by RE/MAX Real Estate Center | $199,900 | |
| Listed by RE/MAX Real Estate Center | |||
| May 5, 2026 | Listed by EXP Realty LLC | $330,000 | |
| Listed by EXP Realty LLC | |||
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Excellent opportunity for builders and developers to acquire approximately 3.7 acres with strong potential for a 6-7 lot residential subdivision in a growing area of LaFayette.
A preliminary survey has already been completed, showing a practical and efficient lot configuration utilizing a shared access from Foster Blvd. The property is well-suited for a phased development approach, allowing a builder to start with 2-3 homes and expand.
Key Property Features:
- City water and sewer available
- Access off Foster Blvd
- Flexible layout accommodating multiple home sizes
- Suitable for homes in the $300K-$350K range
- Close proximity to Highway 27 for convenient access
The site offers workable topography with manageable grading and natural drainage, making it a viable project for experienced builders or investors looking for their next development opportunity.
Preliminary survey layout and additional information available upon request.
Buyer to verify all zoning, utilities, and development feasibility.
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Strong upside potential with multiple exit strategies: build, partner, or develop and sell lots.
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| Jan 31, 2025 | Price Decreased |
$289,900
↓ $10K
(3.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017