22
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1030 22nd Avenue N
About This Property
For someone ready to take on a renovation, the existing home offers a starting point to rethink the interior, update the finishes and create spaces that suit the way they live. For buyers considering a new build, the property presents an opportunity to explore removing the existing structure and designing a custom home from the ground up. Renovated homes and new construction within the subdivision provide inspiration for what could come next.
Southern rear exposure adds to the lot's appeal, while the absence of HOA fees is another reason to take a closer look. Whether you're planning a home for yourself or evaluating your next renovation or construction project, the value here extends beyond the house as it stands today. It's the combination of the lot, the location and the possibilities for its future.
Bring your contractor, your architect and the ideas you've been waiting to put into motion. Walk the property, consider your options and picture what you could create at this Lakewood Park address. Renovation, demolition and redevelopment possibilities are subject to applicable approvals and permitting.
The next chapter of this property is still unwritten. Make it yours.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017