1115 Midway Drive
About This Property
This spacious lot boasts 8,516 square feet of prime real estate, ready for you to customize to your exact specifications. With a location in an established neighborhood, you'll enjoy all the perks of suburban living while still being close to all the amenities that the city has to offer. The Seller must comply with HUD guidelines 24 CFR 206.125. All offers must be submitted to homepath.com.
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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 |
|---|---|---|---|
| Jun 20, 2023 | Sold | ||
| Sold | |||
| May 17, 2023 | Listed by The Street Real Estate Company | $210,000 | |
| Listed by The Street Real Estate Company | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017