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1411 E Bowman
About This Property
Situated on an expansive, versatile parcel of land, with water well and water line available in the street this unique property offers unlimited potential for developers, investors, or visionaries looking to build their dream estate. Featuring ample acreage with plenty of room to expand or subdivide (buyer to verify zoning and land use options with local authorities).
The property currently includes two existing homes, both in need of complete rehabilitation. Bring your contractor and imagination to restore the structures to their former glory, reimagine them as rental units, or clear the way for a brand-new custom project.
Whether you're looking to execute a full renovation project, capitalize on land development possibilities, or create a private compound with multiple dwellings, this rare offering provides the footprint and freedom to turn big plans into reality. Sold strictly AS-IS. Don't miss out on the incredible upside!
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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 |
|---|---|---|---|
| Aug 30, 2026 | Listed by eXp Realty of Southern CA Inc. | $149,900 | |
| Listed by eXp Realty of Southern CA Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017