1486 N Highway 79
About This Property
The property features an old home that holds no value but could provide a starting point for redevelopment or serve as a placeholder for future plans. With its strategic placement at the crossroads of two major highways, this land is well-suited for a variety of uses.
Whether you're looking to invest, develop, or create something entirely new, this property offers endless possibilities. Don't miss the chance to secure a highly desirable piece of land with incredible potential!
Note: Buyers are advised to check with county officials for zoning and development requirements.
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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 |
|---|---|---|---|
| Dec 13, 2024 | Listed by Elite Realty | $356,900 | |
| Listed by Elite Realty | |||
| Mar 14, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017