111 Cocoa Place
About This Property
City water and sewer! Cleared and ready to build!
This land is in probate and should be completed by the end of April 2024
Please see supplement. This sale is subject to court approval, which will be obtained by the seller at sellers expense. The closing is delayed for a period of 30 days from the date that court approval is obtained. Buyer and seller agree that the sale is "as Is" and is the sale of the decedents residence. Buyer further acknowledges that seller, individually, and as personal representative, makes no representations whatsoever regarding the condition of the property and has limited personal knowledge of the condition of the subject real property and is acting soley in his capacity as personal representative. All the provisions of the Contract to the contrary are waived by Buyer.
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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 |
|---|---|---|---|
| Feb 4, 2026 | Sold | ||
| Sold | |||
| Jan 6, 2026 | In contract | - | |
| In contract | |||
| Jan 3, 2026 | Price Decreased |
$39,900
↓ $3K
(7%) | |
| Price Decreased | |||
| Dec 4, 2025 | Price Decreased |
$42,900
↓ $43M
(99.9%) | |
| Price Decreased | |||
| Dec 3, 2025 | Price Increased |
$42,900,000
↑ $43M
(95,445.7%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017