1002 Mann Road
About This Property
Buy it now, plot it into 30 lots and either sell those off tripling your investment or do the building yourself for a larger return. Property is zoned R2 currently for single family or dual family residential.
Contact Matthew D. Miller at for more information and to view the 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 |
|---|---|---|---|
| Oct 23, 2023 | Sold | ||
| Sold | |||
| Jun 3, 2022 | Listed by Real Broker, LLC | $325,000 | |
| Listed by Real Broker, LLC | |||
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Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22022033
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017