LOT 2 Monroe 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 |
|---|---|---|---|
| Jan 18, 2013 | Sold | ||
| Sold | |||
| Apr 30, 2004 | Sold | ||
| Sold | |||
| Feb 24, 2003 | Listed by Berkshire Realty Group, LLC | $850,000 | |
| Listed by Berkshire Realty Group, LLC | |||
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SIMILAR COL. TO BE BUILT BY WELL RENOWNED BLDR-EXQUISITE LOCATION-OPEN FLOOR PLAN-9' CEILINGS ON 1ST FLOOR. QUALITY CONSTRUCTION-ATTENTION TO DETAILS. DRAMATIC ENTRYWAY. ROOM SIZES TO BE DETERMINED DEPENDING ON THE PLANS.
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