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11563 RAFT Road
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 |
|---|---|---|---|
| Oct 29, 2026 | Listed by MOXII PRO REALTY | $230,000 | |
| Listed by MOXII PRO REALTY | |||
| Apr 28, 2025 | Sold | ||
| Sold | |||
| Mar 28, 2025 | In contract | - | |
| In contract | |||
| Dec 16, 2024 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $60,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
| | |||
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Prime Residential Development Opportunity
This property is ready for single-family residential development and offers a fantastic opportunity for builders or investors. Located in a desirable area, the property is being sold in conjunction with two contiguous parcels, 0 Harbison and 2973 Snell Street (a corner lot), creating over one acre of total developable land.
The combined acreage provides ample space for a single-family home community or custom-built residences, making it an ideal location for developers looking to capitalize on this growing neighborhood. The corner lot on Snell Street enhances the site's visibility and accessibility, further adding value to this exceptional offering.
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| Oct 1, 2024 | No longer available | - | |
| No longer available | |||
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About Northside
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017