1241 SYLVIA AVENUE
About This Property
Rare opportunity to own a multifamily-zoned lot with the ability to build up to a fourplex, offering excellent income-producing potential for investors or builders. This versatile property is ideal for developing a four-unit residential building, providing multiple streams of rental income in a single location. Whether you're looking to build and hold, generate long-term cash flow, or develop and sell, this lot offers outstanding upside. A fantastic opportunity to capitalize on the growing demand for multifamily housing. Don't miss your chance to secure a property with strong investment potential and future growth.
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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.
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About Spring Hill
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,350 /mo
- 2 Beds
- 2 Baths
- 1,007 ft²
$2,195 /mo
- 4 Beds
- 2 Baths
- 2,238 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017