Lot 2 Keys 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 |
|---|---|---|---|
| Jan 5, 2024 | Sold | ||
| Sold | |||
| Dec 21, 2023 | In contract | - | |
| In contract | |||
| Dec 5, 2023 | Listed by Mathieu Newton Sotheby's International Realty | $38,500 | |
| Listed by Mathieu Newton Sotheby's International Realty | |||
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Expansive vacant lot, ripe for development, nestled in a serene residential area. Spanning 1.64 acres, this buildable canvas offers endless possibilities for a dream home or investment project. Boasting a level topography, utilities are readily accessible, streamlining the construction process. The parcel enjoys a strategic location, with proximity to downtown Warren, ensuring convenience. Zoned for residential, the lot presents a lucrative opportunity for developers or those seeking a bespoke dwelling. Embrace the potential of this blank slate, where imagination meets opportunity.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017