1024 W 2nd Street
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 |
|---|---|---|---|
| Aug 28, 2026 | Price Decreased |
$1,100,000
↓ $300K
(21.4%) | |
| Price Decreased | |||
| Dec 22, 2025 | Listed by eXp Realty LLC | $1,400,000 | |
| Listed by eXp Realty LLC | |||
| Dec 13, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 7, 2025 | Listed by Century 21 Olympian Area Specialists | $1,400,000 | |
| Listed by Century 21 Olympian Area Specialists | |||
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Amazing opportunity to own approximately 800 feet of waterfront property along the Old Brazos River! This unique Freeport property offers a blank canvas for visionary coastal development. Positioned within the Guillotine Gate—a flood-proof zone—this site ensures year-round operational security. Ideal for developers eyeing multi-income possibilities: Zoned for commercial use with potential for residential rezoning, this property offers versatile development opportunities, including multi-family units, luxury houses, retail spaces, a restaurant, gas station or marina. Protected by the Brazos River Floodgates, it serves as a secure harbor with minimal flood risk. Adjacent land has been rezoned for waterfront homesites, enabling a mixed-use project. Proximity to Freeport Municipal Marina (1 mile) enhances accessibility for marine-related ventures!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017