12
Map
116 LIMA Street
About This Property
The property features an existing well, septic system, storage shed, and a power pole with an existing yard light, providing a great starting point for your plans. The condition and functionality of the well, septic, electrical service, and yard light are unknown and are not warranted. Buyers should verify all inspections, utility availability, zoning, permitting requirements, and building suitability to their satisfaction.
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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 |
|---|---|---|---|
| Aug 6, 2026 | Listed by NICOSIA REALTY INC. | $37,000 | |
| Listed by NICOSIA REALTY INC. | |||
| Aug 15, 2023 | Listed by DUCK REALTY INC | $18,000 | |
| Listed by DUCK REALTY INC | |||
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The address is for one lot but lots 114 and 118 are contiguous to 16 and are part of the price. Lot 16 has a well and septic that needs to have an inspection since it is old. Part of the lots is clearer than others. Also a survey is recommended for accurate lots lines. There may be 3 small shed??
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017