1440 Norman Drive
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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 19, 2025 | Price Decreased |
$2,288,888
↓ $611K
(21.1%) | |
| Price Decreased | |||
| Sep 17, 2025 | Listed | $2,899,888 | |
| Listed | |||
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|
Welcome to this incredible opportunity to own and build a modern 5-bedroom & 5.5-bathroom home with a fully approved plan from the City of Sunnyvale. Seller has a fully approved plan that can be transferred over to the new owner. This is your opportunity to own and build your dream home in the prestigious Sunnyvale area of 94087.
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| Sep 9, 2024 | Sold | ||
| Sold | |||
| Aug 21, 2024 | Listed by Intero Real Estate Services | $1,888,520 | |
| Listed by Intero Real Estate Services | |||
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The existing 3-bedroom, 1-bath house is in excellent condition with new paint and carpets. It's move-in ready while your clients plan their build, under 1,000 SF. Located just blocks from top-rated schools Laurelwood Elementary, Marian Middle, and Adrian Wilcox High this lot offers a short commute to major tech companies like Apple, Google, Facebook, and LinkedIn.
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Property Highlights
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About Raynor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017