172 Aurora Drive
About This Property
Nestled in a sought-after neighborhood, this building lot is surrounded by other spacious lots, each approximately 5 acres in size. The natural beauty of the area, combined with the tranquility of a closed development, makes this property an ideal choice for those seeking a harmonious blend of nature and luxury.
Don't miss the opportunity to build your dream home in one of the most desirable locations.
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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 20, 2025 | Listed by Howard Hanna | $45,000 | |
| Listed by Howard Hanna | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017