12906 Chapel Road
About This Property
The property is currently zoned residential (R). With its location, road frontage, and surrounding area, there may be potential for future commercial use subject to approval of a zoning change.
The property is largely wooded, providing a blank canvas for a buyer to explore potential development possibilities. Seller is unaware whether utilities are currently available or located on the property and makes no representation regarding utilities, easements, access, development requirements, or suitability for any particular use. Buyer and buyer's agent should independently verify zoning, utilities, easements, restrictions, boundaries, access, and all development requirements with the appropriate authorities.
Approximately 0.93 acres; acreage and boundary lines are approximate and should be independently verified.
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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 |
|---|---|---|---|
| Sep 21, 2026 | Listed by Graceland Real Estate | $245,000 | |
| Listed by Graceland Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017