39
Map
114 Cobble Hill
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 7, 2026 | Sold | ||
| Sold | |||
| Jun 16, 2026 | In contract | - | |
| In contract | |||
| Jun 11, 2026 | Listed by RE/MAX North Professionals | $449,900 | |
| Listed by RE/MAX North Professionals | |||
| Aug 27, 2025 | Sold | ||
| Sold | |||
| Aug 4, 2025 | Listed by Coldwell Banker Hickok and Boardman | $172,000 | |
| Listed by Coldwell Banker Hickok and Boardman | |||
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Opportunity is knocking! This 3-bedroom, 1-bathroom ranch-style home sits on a spacious 1-acre lot and presents an excellent investment opportunity for contractors, investors, or anyone looking for a major renovation project. Built in 1976, the home has known structural concerns, including a rear foundation wall that is shifting and will likely require replacement. The remaining three foundation walls may also need evaluation and possible repair. With a private drilled well and mound septic system already in place, the essential infrastructure is ready to support redevelopment. Due to the condition of the home, full demolition or substantial reconstruction may be necessary. Located in a desirable area, this property is being sold strictly "AS IS". Buyers and their agents are responsible for conducting their own due diligence. Bring your vision and seize this rare opportunity to transform or rebuild in a sought-after location.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017