lot 2 Colonial Drive
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 |
|---|---|---|---|
| Feb 4, 2025 | Delisted | - | |
| Delisted | |||
| Jan 20, 2025 | In contract | - | |
| In contract | |||
| May 3, 2024 | Listed by eXp Realty LLC | $28,000 | |
| Listed by eXp Realty LLC | |||
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Here's your chance to build your get away at the popular Cliffs Resort! Lot 2 in Phase I is an oversized, full size lot in a fabulous location close to all the fun amenities. No time in which you have to build, so buy now and start enjoying all the Cliffs has to offer! 36 free rounds of golf, enjoy 2 pools, dining with a view, hotel and so much more! Flat, level lot offers an easy build site, two story home here will see down the #18 fairway and #1 green, views for days once above the trees. Young hardwoods throughout this lot will give you privacy as well. Awesome location, this is phase one, which is the only phase with all concrete roads and all large lots. The back of this lot has some really unique rock features that will make your landscaping a breeze! Come see the wildlife, play on beautiful Possum Kingdom lake and spend time with your loved ones in a resort setting! *Priced to sell!*
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| Oct 8, 2021 | Sold | ||
| Sold | |||
| Aug 7, 2021 | Listed by eXp Realty LLC | $19,900 | |
| Listed by eXp Realty LLC | |||
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Here's your chance to build your get away at the popular Cliffs Resort! No time in which you have to build, so buy it now and start enjoying all the Cliffs has to offer! 36 free rounds of golf with lot purchase, enjoy 2 pools, spa, dining with a view, hotel and so much more! Flat, level lot offers an easy build site, two story home here will see down the #18 fairway and #1 green, views for days once above the trees. Young hardwoods throughout this lot will give you privacy as well. Awesome location, this is phase one, which is the only phase with all concrete roads and all large lots. Come see the wildlife, play on beautiful Possum Kingdom lake and spend time with your loved ones in a resort setting!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017