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Map
1824 E CLIFF Drive
About This Property
The existing structure is in significant disrepair and will require extensive rehabilitation. This is not a cosmetic fixer-upper. Buyers should evaluate the property based on their individual investment strategy and conduct their own due diligence regarding condition, renovation or redevelopment feasibility, zoning, permitting, utilities, and intended use.
Property is being sold strictly AS-IS, WHERE-IS. Seller will make no repairs. CASH BUYERS ONLY.
For the right buyer with the resources and vision to take on the project, 1824 E Cliff offers an opportunity to unlock the potential.
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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 30, 2026 | Sold | ||
| Sold | |||
| Sep 7, 2026 | In contract | - | |
| In contract | |||
| Sep 3, 2026 | Listed by Homegirl Real Estate Firm | $60,000 | |
| Listed by Homegirl Real Estate Firm | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017