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15748 20th Avenue
About This Property
The property requires a full renovation and offers an opportunity for customization or repositioning.
Approved plans are in place for the development of a three-story, six-unit building. All plans and potential uses are subject to verification by the buyer.
Located near local shops, restaurants, parks, and public transportation, with convenient access to surrounding areas.
Buyer to verify all information, zoning, and development potential.
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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 |
|---|---|---|---|
| Jun 16, 2026 | In contract | - | |
| In contract | |||
| Jun 8, 2026 | Listed by NY Space Finders Inc | $850,000 | |
| Listed by NY Space Finders Inc | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017