108-35 Roosevelt Avenue
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 |
|---|---|---|---|
| Sep 9, 2025 | Sold | ||
| Sold | |||
| Feb 21, 2025 | In contract | - | |
| In contract | |||
| Feb 18, 2025 | Listed by Empire Fine Homes | $1,500,000 | |
| Listed by Empire Fine Homes | |||
| Dec 4, 2024 | No longer available | - | |
| No longer available | |||
| Aug 10, 2024 | Listed by Empire Fine Homes | $1,500,000 | |
| Listed by Empire Fine Homes | |||
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This 3,125 sq. ft. Lot is in a prime location with 2 sets of plans already approved. One set is perfect for developing a 3-story commercial building. The design includes retail/office space on the first floor and basement and additional office space on the second and third floors. The second set of approved plans is for a 4-story mixed-use building with offices on the first floor and basement, plus 6 apartments of one bedroom each (2 apartments per floor). Situated near the 7 train line, with easy access to the Grand Central Parkway, and just minutes from Citi Field, Flushing Meadows, and the Billie Jean King National Tennis Center, this property offers unmatched convenience and visibility. The seller has also applied for a 15-25-year tax abatement, making this an exceptional investment opportunity.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017