00 Heritage Acres
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 19, 2026 | Price Decreased |
$3,500,000
↓ $7M
(65%) | |
| Price Decreased | |||
| Sep 19, 2026 | Listed by Even Keel Realty, Inc. | $10,000,000 | |
| Listed by Even Keel Realty, Inc. | |||
| Jan 15, 2026 | Listed by Even Keel Realty, Inc. | $4,500,000 | |
| Listed by Even Keel Realty, Inc. | |||
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Welcome to Phase One of Heritage Acres(33.5 acres), a unique development opportunity comprising one of six parcels within a larger 238-acre tract. This parcel is accessible via a paper street and offers significant potential for future development.A conceptual subdivision plan, originally approved by the Planning Board in the 1970s, reflects a layout of smaller residential lots; however, it is important to note that wetlands were not considered under the original approval. Based on preliminary review, this parcel may accommodate approximately 30 to 45 lots, subject to current zoning, environmental review, and permitting.The property is being offered as-is. No percolation tests or engineering studies have been completed to date.This land presents an excellent opportunity for a variety of development concepts, including a cottage cluster community, smaller single-family homes, or a 55+ residential community featuring compact homes and low-maintenance yards. Lot is also located in the STOD zoning by Westport Planning.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017