31
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11902 RUSTIC LN
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 16, 2026 | Listed by Phyllis Browning Company | $775,000 | |
| Listed by Phyllis Browning Company | |||
| Oct 10, 2026 | Price Decreased |
$775,000
↓ $50K
(6.1%) | |
| Price Decreased | |||
| May 29, 2026 | Listed by Phyllis Browning Company | $825,000 | |
| Listed by Phyllis Browning Company | |||
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Excellent development opportunity in a prime central location situated on approximately 0.81 acres. This beautifully treed property offers flexible zoning that accommodates office development tailored to a variety of business needs. The existing building features functional office space, a kitchen, and conference area, providing immediate usability or redevelopment potential. A dedicated parking pad offers ample on-site parking for employees and clients.
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| Aug 8, 2023 | Sold | ||
| Sold | |||
| Sep 26, 2022 | Listed by Compass RE Texas, LLC | $599,000 | |
| Listed by Compass RE Texas, LLC | |||
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Centrally located office building surrounded by mature trees on a 0.81acre lot. This building contains 1 full bath, 2 half baths, 7 office spaces, a kitchen, and a conference area. Pad parking is available.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017