1109 MLK Jr Drive
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 |
|---|---|---|---|
| Dec 31, 2025 | Sold | ||
| Sold | |||
| Nov 7, 2025 | Listed by HOWARD HANNA REAL ESTATE SERVI | $250,000 | |
| Listed by HOWARD HANNA REAL ESTATE SERVI | |||
| Nov 22, 2024 | Sold | ||
| Sold | |||
| Nov 21, 2024 | In contract | - | |
| In contract | |||
| Oct 25, 2024 | Listed by PRODUCTION REALTY | $50,000 | |
| Listed by PRODUCTION REALTY | |||
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This charming two-story home, perfectly situated in the heart of town, offers the ideal combination of convenience and opportunity. With easy access to a variety of restaurants, stores, and local amenities, everything you need is just a short walk away. Whether you're looking for a morning coffee, dinner with friends, or a quick shopping trip, it's all at your fingertips.
The house itself is a blank canvas, ready for you to bring your vision to life. With a spacious layout and versatile floor plan, you can design each room to suit your style and needs. Imagine creating an inviting living space for entertaining, a cozy nook for relaxing, or a home office with a view. The possibilities are endless.
AS IS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017