118 6th Street
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 |
|---|---|---|---|
| Apr 8, 2022 | Sold | ||
| Sold | |||
| Feb 15, 2022 | Listed by World Wide Realty | $42,000 | |
| Listed by World Wide Realty | |||
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Handy man special.
This home can be finished relatively easily by the right person.
Or be removed to make place for anything else (No zoning).
6,000 square feet lot near the end of a dead-end road.
Quiet and undisturbed living.
Property flooded during Harvey.
Last Owner started building a very small home but did not finish it.
Back-side of lot has drainage stream, that runs into the Brazos River. Will never have neighbors behind this lot.
Very close to schools and Parks.
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| May 12, 2021 | Sold | ||
| Sold | |||
| Apr 25, 2021 | Listed by Keller Williams Premier Realty | $25,000 | |
| Listed by Keller Williams Premier Realty | |||
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Property and dwellings flooded in Harvey and not remediated. Being sold "as is - lot value only". City utilities are available. Buyer to verify all specifications.
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Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017