24
Map
1509 Vaughn Road
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 9, 2026 | Listed by Keller Williams Central | $375,000 | |
| Listed by Keller Williams Central | |||
| Aug 12, 2025 | Price Decreased |
$52,500
↓ $8K
(12.5%) | |
| Price Decreased | |||
| Feb 24, 2025 | Listed | $60,000 | |
| Listed | |||
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This 0.29-acre parcel with 234 feet of road frontage offers a unique opportunity to capitalize on its OI (Office/Industrial) zoning, which provides incredible flexibility for over 50 different types of uses. Whether you're looking to develop a Single-Family Attached or Detached residence, create an outdoor restaurant, or establish a food truck park, this land can accommodate a wide range of possibilities. Its prime location with easy access to major roads ensures both visibility and convenience, making it perfect for commercial, residential, or mixed-use developments. With zoning that allows for diverse development options, this property offers the chance to bring your vision to life in a rapidly growing area. Priced at just $60,000, this is an opportunity you won't want to miss. Contact us today for more details or to schedule a viewing!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017