1981 Crotona Avenue
About This Property
from purchasing./broker-registration/residential.php Buyer will be responsible for paying tax/demotion liens. Actual Tax Bill NYC Dept. of finance $419,217.02. Online Sale Event begins March 15, 2020 to March 17, 2020 Additional Information: SoilType:Unknown,
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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 |
|---|---|---|---|
| Oct 28, 2024 | Sold | ||
| Sold | |||
| Sep 12, 2024 | Listed by WW Realty Group Inc | $325,000 | |
| Listed by WW Realty Group Inc | |||
| | |||
|
A blank canvas awaits at 1981 Crotona, a vacant plot of land offering immense potential for savvy investors. Positioned on a generous lot measuring 25 feet by 95 feet and zoned R5, this property presents an exciting opportunity to bring forth a vision of urban development in a thriving community. Nestled within a dynamic neighborhood, this plot of land is surrounded by an array of amenities, ensuring convenience and accessibility for future residents or tenants. From schools to shopping centers, from dining options to recreational facilities, everything is within reach, promising a lifestyle of ease and comfort. The R5 zoning designation opens the door to various development possibilities, from single-family homes to multifamily dwellings, catering to the evolving needs of the market. Whether you envision a charming single-family residence or a multifamily development to meet the demand for urban housing, this property offers the flexibility to realize your vision. Moreover, the dimensions of the lot provide ample space for creative design concepts, allowing for the incorporation of outdoor amenities, green spaces, or parking facilities to enhance the livability and functionality of the development. With its strategic location, favorable zoning, and untapped potential, 1981 Crotona represents a compelling investment opportunity in the realm of real estate. Whether you're a seasoned developer looking to expand your portfolio or an investor seeking to capitalize on the burgeoning housing market, this property holds the promise of significant returns and long-term value appreciation.
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| Sep 11, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 31, 2024 | Listed by WW Realty Group Inc | $325,000 | |
| Listed by WW Realty Group Inc | |||
| | |||
|
A blank canvas awaits at 1981 Crotona, a vacant plot of land offering immense potential for savvy investors. Positioned on a generous lot measuring 25 feet by 95 feet and zoned R5, this property presents an exciting opportunity to bring forth a vision of urban development in a thriving community. Nestled within a dynamic neighborhood, this plot of land is surrounded by an array of amenities, ensuring convenience and accessibility for future residents or tenants. From schools to shopping centers, from dining options to recreational facilities, everything is within reach, promising a lifestyle of ease and comfort. The R5 zoning designation opens the door to various development possibilities, from single-family homes to multifamily dwellings, catering to the evolving needs of the market. Whether you envision a charming single-family residence or a multifamily development to meet the demand for urban housing, this property offers the flexibility to realize your vision. Moreover, the dimensions of the lot provide ample space for creative design concepts, allowing for the incorporation of outdoor amenities, green spaces, or parking facilities to enhance the livability and functionality of the development. With its strategic location, favorable zoning, and untapped potential, 1981 Crotona represents a compelling investment opportunity in the realm of real estate. Whether you're a seasoned developer looking to expand your portfolio or an investor seeking to capitalize on the burgeoning housing market, this property holds the promise of significant returns and long-term value appreciation.
| |||
| Jul 30, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017