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19816 Michael Lane
About This Property
Spacious 8.10-acre lot offering endless potential for residential or commercial development. The property is equipped with available utilities, making it ready for your next project. Whether you're looking to build your dream home, start a business, or invest in future development, this versatile lot is a fantastic opportunity.
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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 |
|---|---|---|---|
| Mar 30, 2026 | Sold | ||
| Sold | |||
| Feb 27, 2026 | In contract | - | |
| In contract | |||
| Oct 1, 2025 | Price Decreased |
$750,000
↓ $50K
(6.3%) | |
| Price Decreased | |||
| Jun 26, 2025 | Listed by Texcom Realty, Inc. | $800,000 | |
| Listed by Texcom Realty, Inc. | |||
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Last Updated: 8 months ago
Data Source: HAR , MLS# 27980116
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017