8
Map
15 Timber Lane
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 |
|---|---|---|---|
| Oct 2, 2026 | Listed by Berkshire Hathaway NE Prop. | $699,000 | |
| Listed by Berkshire Hathaway NE Prop. | |||
| Feb 13, 2025 | Sold | ||
| Sold | |||
| Feb 1, 2025 | In contract | - | |
| In contract | |||
| Jan 29, 2025 | Listed by Serhant Connecticut, LLC | $199,900 | |
| Listed by Serhant Connecticut, LLC | |||
| | |||
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This unique property offers a rare opportunity for investors and visionary buyers looking to create a dream home in a desirable location. Previously the site of a charming 3 bedroom ranch style home, this property has experienced significant fire damage and is being sold in its current condition. The foundation with walkout basement is fully intact, and the mechanicals (including the completely full, brand new oil tank) are thought to be undamaged and functional. Nestled in a sought-after and established neighborhood, this lot benefits from proximity to local amenities, schools and parks. On an acre of land with many mature trees, the property offers ample space for reconstruction. The generous dimensions invite a variety of architectural possibilities. The property is connected to public water and is currently on septic, but there is public sewer on the street (buyer to pay sewer lien).
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| Sep 12, 1980 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017