2 Cedar Rd
About This Property
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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 |
|---|---|---|---|
| Mar 22, 2022 | Sold | ||
| Sold | |||
| May 4, 2015 | Sold | ||
| Sold | |||
| Jan 6, 2014 | Listed by Denenberg, Realty | $495,000 | |
| Listed by Denenberg, Realty | |||
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GREAT RETAIL DEVELOPMENT SITE - 0.46 acre (20,231 +/- SF) piece of land with a single family house on the corner of Highland Avenue and Cedar Road. This is a unique opportunity to develop the land into a Retail/Mixed use site. The land has excellent street frontage and visibility and is just 1.4 miles from Salem Hospital. This is an ideal opportunity for a developer or user.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017