1927 Meade St
About This Property
The sellers had intended to build and have already completed significant pre-construction work: the lot has been cleared, and subsurface reports, structural and architectural plans, and pulled permits are all included and available upon request. However, the sellers have opted to purchase a completed new build instead-creating a phenomenal opportunity for the next owner or developer.
Completed and in process new builds within the area have sold or are on track to sell between $3M and $3.9M, highlighting the strong potential return on investment.
For full documentation or to discuss this property in detail, please reach out directly.
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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 |
|---|---|---|---|
| Jul 7, 2025 | Sold | ||
| Sold | |||
| Jun 17, 2025 | In contract | - | |
| In contract | |||
| May 22, 2025 | Listed by LIV Sotheby's International Realty | $1,100,000 | |
| Listed by LIV Sotheby's International Realty | |||
| Jul 15, 2022 | Sold | ||
| Sold | |||
| May 18, 2022 | Listed by LIV Sotheby's International Realty | $1,299,999 | |
| Listed by LIV Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017