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About This Property
The property is located in an A/RR (Agricultural/Rural Residential) zoning district; however, this specific property is not approved for residential or other building development. No dwelling or other permanent structure may be constructed on the property. The land is being offered strictly for recreational use.
The property is located in Flood Zone X, indicating minimal flood risk outside the 100- and 500-year floodplains. However, wetlands with a Mixed Shrubs classification are present on the site. Buyers are strongly advised to independently verify all environmental conditions, land-use restrictions, access, and permitted recreational activities with the appropriate local authorities before purchasing.
The property is available for a self-guided tour. Subleasing is not permitted. This lot is not available for rent or lease.
This property is offered exclusively for recreational and investment purposes. No residential, commercial, or other building development is permitted.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 12, 2026 | Price Decreased |
$8,000
↓ $2K
(20%) | |
| Price Decreased | |||
| Apr 15, 2026 | Listed by Sunland Real Estate, LLC. | $10,000 | |
| Listed by Sunland Real Estate, LLC. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017