12836 OLD PLANK Road
About This Property
The existing home is in need of repair, giving buyers the option to renovate and restore it or start fresh and build new while avoiding impact fees. The generous lot size and natural landscape provide endless possibilities for designing a custom layout that fits your vision. Whether it's a modern home with open views, a farmhouse-style retreat, or a quiet getaway nestled in the trees.
If you've been searching for land with character, privacy, and convenience, this property offers the perfect canvas.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 23, 2026 | Sold | ||
| Sold | |||
| Dec 10, 2025 | In contract | - | |
| In contract | |||
| Oct 1, 2025 | Price Decreased |
$179,000
↓ $20K
(10.1%) | |
| Price Decreased | |||
| Sep 24, 2025 | Price Decreased |
$199,000
↓ $26K
(11.6%) | |
| Price Decreased | |||
| Sep 4, 2025 | Price Decreased |
$225,000
↓ $25K
(10%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017