109 Phillips St 111
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 |
|---|---|---|---|
| Jan 17, 2024 | Sold | ||
| Sold | |||
| Jul 26, 2023 | In contract | - | |
| In contract | |||
| Jul 14, 2023 | Listed by Four Seasons Realty Group Corp. | $159,900 | |
| Listed by Four Seasons Realty Group Corp. | |||
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Builders take notice. Possible option to redevelop land. The land is located in Zone R3, Multi-family Residential District. Lot is .11 acres. Convenient location. Public transportation bus stop, close to Rt. 495 & Rt. 93. Walking distance to restaurants, shopping, food stores. Rare opportunity in the city! Check with the city for any variances needed for residential development.
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Address: 335 Madison Avenue, New York, NY 10017