159 Raymond Road
About This Property
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Cap Rate Calculator
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 29, 2023 | Sold | ||
| Sold | |||
| Nov 17, 2022 | Listed by RE/MAX Synergy | $449,000 | |
| Listed by RE/MAX Synergy | |||
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Currently this is a single-family home built in 1763 that requires full rehab, the property is a double lot with approximately 3 acres that are zoned commercial and residential and has been used as both over the years. There are so many opportunities in this huge lot with plenty of exposure! Do not miss out on this great opportunity this location does not come open often! Perhaps you want to renovate the home and run your business from home, here's your opportunity!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017