176 Michael Street
About This Property
Opportunity awaits with this fire-damaged property offering incredible potential for the right buyer! Whether you're looking for your next renovation project, investment opportunity, or a place to build your dream home, this property is ready for its next chapter.
Situated on two parcels totaling just over 1 acre, this property provides plenty of space and flexibility. The home sustained significant fire damage and is being sold AS-IS, making it ideal for investors, contractors, builders, or anyone looking to restore or reimagine the property.
Outside, you'll find a spacious yard with mature trees, a detached storage building, and ample room for expansion, recreation, or future improvements. The additional parcel offers even more possibilities for those looking to maximize the property's potential.
Bring your vision, creativity, and tools-this property is full of possibilities. Don't miss your chance to transform this diamond in the rough into something truly special!
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Oct 20, 2026 | Sold | ||
| Sold | |||
| Sep 22, 2026 | In contract | - | |
| In contract | |||
| Aug 5, 2026 | Price Decreased |
$85,000
↓ $10K
(10.5%) | |
| Price Decreased | |||
| Jul 12, 2026 | Price Decreased |
$95,000
↓ $855K
(90%) | |
| Price Decreased | |||
| Jul 10, 2026 | Listed by Colfax Home & Land, Co | $950,000 | |
| Listed by Colfax Home & Land, Co | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017