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11 PATRICK PLACE
About This Property
Perfectly positioned for peace of mind, the property offers a solid, well-suited foundation for construction with added confidence regarding drainage and flooding concerns. Surrounded by beautifully maintained homes, the setting reflects pride of ownership and long-term neighborhood stability.
Enjoy the best of both worlds-privacy and convenience. You're just minutes from schools, shopping, dining, and major roadways, making everyday life effortless while still enjoying a quiet residential atmosphere.
Whether you're ready to build now or planning a strategic investment for the future, this lot represents a smart, high-value opportunity in a proven location. Properties like this are increasingly rare-secure your place in a community that continues to hold strong value and demand.
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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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About Pine Grove - Belle Terre
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,950 /mo
- 3 Beds
- 2 Baths
- 1,300 ft²
$2,000 /mo
- 3 Beds
- 2 Baths
- 1,675 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017