180 MAE STREET
About This Property
Existing improvements on site include a well, septic system, power pole, and concrete pads from the prior structure. These improvements are present but are not warranted; buyer shall be responsible for verifying condition, functionality, and compliance with current codes and regulations.
The property is situated in an area with a mix of residential uses. Buyer is advised to confirm zoning, land use, permitting requirements, impact fees, and any restrictions with the appropriate local governing authorities to determine suitability for intended use.
This property is being sold as vacant land. Any prior use does not guarantee future use. All information provided is deemed reliable but not guaranteed and should be independently verified by the buyer.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017