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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 1, 2021 | Sold | ||
| Sold | |||
| Jan 13, 2021 | Listed by Pinon Real Estate Group LLC | $192,500 | |
| Listed by Pinon Real Estate Group LLC | |||
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Development opportunity with RIVER WALK FRONTAGE for the discerning investor or expanding business owner. Two Rivers Commons is the commercial component of the Two Rivers development. It is ideally situated for high visibility & accessibility (11,000 cars/day per 2019 traffic study) at the corner of Hwy 50 & Hwy 291. The Little Arkansas River, mature shade trees, walking paths and off-street paved parking make this an ideal location for restaurants, pubs, coffee houses, live/work units, grocers, professional offices and retail storefronts. Designed to be a progressive commercial area, Two Rivers Commons offers strong pedestrian character, riverside dining opportunities, electric vehicle charging stations and a supportive community. Two Rivers (Northside) is an adjacent residential community comprised of just over 60 homesites and located at the confluence of the Arkansas & Little Arkansas River. Two Rivers (Southside) will offer another +/- 40 homesites on the other side of the Little Arkansas River in 2022.Two Rivers commons has C2 zoning, POA provides parking at $24/mo per space, inclusionary housing fee has been met by developer, and while each building has a required commercial component, any additional residential units can be used as short term rentals. Contact listing agent for more details.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017