10
Map
188 Yale Drive
About This Property
THINK BIGGER BY THINKING SMALLER. CONVERT THE EXISTING GARAGE INTO A LOVELY HOME. MINIMUM ALLOWABLE SQUARE FOOTAGE IS 800 SQ FT. ONLY 340 SQ FT NEEDED TO COMPLETE YOUR HOUSE.
(See photo ideas in listing)
OR
PURCHASE THIS LAND AND BUILD YOUR DREAM HOME FROM SCRATCH FOR UNDER $250,000 IN A NEIGHBORHOOD WHERE HOMES SELL FOR $350,000 to $975,000!
Zoned for one SF-R, SINGLE FAMILY RESIDENTIAL
Set back -
FRONT 20 foot
REAR 12 foot
SIDE 10 foot
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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 |
|---|---|---|---|
| Jan 28, 2025 | Sold | ||
| Sold | |||
| Jan 10, 2025 | In contract | - | |
| In contract | |||
| May 5, 2024 | Listed by Donohue Real Estate Palm Beach | $1,199,500 | |
| Listed by Donohue Real Estate Palm Beach | |||
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WOW! NEW BUILD in College Park. 12 FOOT CEILINGS, IMPACT GLASS, STATE OF THE ART. Welcome to 188 Yale Drive in College Park, a newly built home (2022) in a premier, well established neighborhood. Impeccably modern, all custom, this 2 bedroom, 2 bath home with office showcases both the ease and comfort of today's contemporary lifestyle. This is an exquisite kitchen with large island, bespoke cabinetry and a gas range to prepare your favorite meals. Entertain on a covered patio just off the living room. This home offers weather resistant impact glass windows and sliders and plenty of storage in a large two car garage.
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| Sep 1, 2020 | Sold | ||
| Sold | |||
| Mar 16, 2018 | Sold | ||
| Sold | |||
Property Highlights
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About College Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017