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1124 Desirable Lane
About This Property
The property features a 30x50 metal shop, providing ample space for storage, operations, equipment, or workshop use. With its prominent corner location, this site is well-suited for contractors, service businesses, small manufacturing, automotive-related use, or investors seeking a value-add commercial asset.
This property is part of an estate sale and is being sold as-is, offering buyers the chance to renovate, repurpose, or redevelop to fit their needs, and the lot provides convenient access and traffic visibility.
Great potential for entrepreneurs, business owners, or investors looking to establish or expand in the growing Huffman area.
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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 26, 2026 | Sold | ||
| Sold | |||
| May 15, 2026 | In contract | - | |
| In contract | |||
| May 6, 2026 | Price Decreased |
$165,000
↓ $15K
(8.3%) | |
| Price Decreased | |||
| Mar 30, 2026 | Price Decreased |
$180,000
↓ $5K
(2.7%) | |
| Price Decreased | |||
| Feb 9, 2026 | Listed by Boom Real Estate | $185,000 | |
| Listed by Boom Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017