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1972 Frederick Street
About This Property
Location is what sets this lot apart. You're steps from Naples Bay Club, offering memberships that include a resort-style pool with lazy river, tennis, fitness and spa facilities, and on-site dining at BlueWater Bar & Grill and Indulge. Just across the street, a brand new JW Marriott is under construction, bringing a restaurant and lounge to the corridor. From here it's about a mile to Fifth Avenue South and Third Street South for shopping, dining and galleries, with Naples Bay, Tin City, and the Bayshore Arts District close by, plus easy access to the Gulf's white sand beaches. The street is in the middle of an exciting transformation, with new construction steadily reshaping the block.
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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%.
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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.
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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 19, 2026 | Listed by Coldwell Banker Realty | $799,000 | |
| Listed by Coldwell Banker Realty | |||
| Apr 12, 2026 | No longer available | - | |
| No longer available | |||
| Mar 5, 2026 | Price Decreased |
$799,000
↓ $50K
(5.9%) | |
| Price Decreased | |||
| Feb 9, 2026 | Price Decreased |
$849,000
↓ $96K
(10.2%) | |
| Price Decreased | |||
| Jan 13, 2026 | Listed by William Raveis Real Estate | $945,000 | |
| Listed by William Raveis Real Estate | |||
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Welcome to a unique opportunity to build your dream home on a fully cleared lot, perfectly positioned near the vibrant heart of downtown. With 160 feet of depth, a generous building envelope, and desirable western rear exposure for stunning sunset views, this rectangular lot is the perfect canvas for your dream home. This prime location offers proximity to the lively 5th Ave. South and 3rd St. South, renowned for their top-tier shopping, exquisite dining, and dynamic entertainment options. Imagine living just minutes away from world-renowned white sand beaches, where you can bask in the sun and enjoy the serene coastal lifestyle. This exceptional lot provides you with the ability to create a home that suits your vision, with unmatched accessibility to everything this vibrant area has to offer. Seize the chance to craft a personalized haven in a location that combines the best of urban living with the tranquility of beachside leisure. Your dream residence awaits creation in this ideal setting. Contact us today to start planning your future home! This lot can be purchased with the 3200 square foot new construction home next door, 1984 Frederick St, to create a sprawling compound.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017