1013 Toomes Avenue
About This Property
Don't miss this exceptional opportunity to build on a spacious corner lot in a convenient, well-connected neighborhood. Zoned for either a single-family home or a duplex (buyer to verify), this property offers outstanding potential for homeowners, investors, or anyone looking to build a custom residence.
Enjoy a location just minutes from a local skate park, shopping, dining, schools, and everyday conveniences, with easy access to major roads and community amenities.
City utilities and power are already available, and the previous home has been removed, helping streamline the building process. Buyers are encouraged to verify zoning, building requirements, and permit availability with the appropriate local agencies.
Whether you're envisioning your dream home or an income-producing duplex, this ready-to-build lot provides the perfect foundation for your next project.
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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 |
|---|---|---|---|
| Sep 24, 2026 | Sold | ||
| Sold | |||
| Jul 5, 2026 | Listed by Jamison Properties | $55,000 | |
| Listed by Jamison Properties | |||
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Jun 13, 2025 | Listed by Realty Executives Of Northern California | $55,000 | |
| Listed by Realty Executives Of Northern California | |||
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Prime Corner Lot with Duplex Potential! Don't miss this unique opportunity to build in a convenient and well-connected location. This spacious corner lot is zoned for either a single-family home or a duplex—perfect for investors or those looking to customize their dream property. Just a short walk from a local skate park, shopping, and essential services, the site offers easy access to everyday amenities. City utilities and power are already in place, and a previous home was removed, simplifying the building process. Be sure to verify local zoning requirements and permits as you plan your build. With infrastructure ready, you're one step closer to creating a functional and appealing new residence or income-producing duplex.
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| Mar 12, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017