13 Decorore DRIVE
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 |
|---|---|---|---|
| Apr 4, 2024 | Sold | ||
| Sold | |||
| Mar 18, 2024 | In contract | - | |
| In contract | |||
| Mar 5, 2024 | Sold | ||
| Sold | |||
| Mar 4, 2024 | Listed by TROPICAL COAST REALTY | $63,500 | |
| Listed by TROPICAL COAST REALTY | |||
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TWO adjacent, oversized multifamily, RMF 15 zoned building sites, (15 Decorore and adjacent parcel, 13 Decorore Drive.) Water AND sewer in place. Land is cleared and level, ready to build on, avoiding expensive lot prep and clearing costs. RMF zoning will accommodate 9-10 units on both parcels combined. 30,000+ sq. ft. combined parcels. No other multifamily dual parcel on the market with such potential for a very profitable endeavor. Priced separately, sold as a pair.
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| Jan 8, 2024 | Listed by RE/MAX TREND | $50,000 | |
| Listed by RE/MAX TREND | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017