1209 Preston Way
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 |
|---|---|---|---|
| May 15, 2025 | Sold | ||
| Sold | |||
| Jan 15, 2025 | Listed by Compass | $2,995,000 | |
| Listed by Compass | |||
| Apr 19, 2023 | No longer available | - | |
| No longer available | |||
| Feb 16, 2023 | In contract | - | |
| In contract | |||
| Jan 26, 2023 | Listed by Keller Williams Realty Westside | $2,399,000 | |
| Listed by Keller Williams Realty Westside | |||
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Incredible opportunity for builder or investor. Sold as land value only. This rare 10,892 sqft lot is located in one of the more desirable parts of Venice, surrounded by many multi-million dollar new construction homes. The property includes a vacant one bedroom, one bath, fixer home in front, and a converted garage in the back. The converted garage is currently occupied by a tenant and can be delivered with or without tenant. The manager has listed the unit size as 660 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017