2 Waldemeere Avenue
About This Property
Tucked into a quiet corner of the town, steps from Falconer Park, you have serenity with the comfort of knowing your amenities are still close by. Walkable to school, grocery stores, and the bank and sits in an ideal Western New York commuter sweet spot, offering easy highway accessibility to both Erie, PA and Buffalo, NY.
Taxes are to be determined following completion of construction and reassessment.
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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 |
|---|---|---|---|
| Aug 2, 2026 | Listed by Century 21 Turner Brokers | $377,900 | |
| Listed by Century 21 Turner Brokers | |||
| Jun 15, 2026 | Listed by Century 21 Turner Brokers | $25,000 | |
| Listed by Century 21 Turner Brokers | |||
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Ready to build your new home? This perfect sized double corner lot is cleared and ready for construction. Tucked into a quiet corner of the town, steps from Falconer Park, you have serenity with the comfort of knowing your amenities are still close by. Walkable to school, grocery stores, bank and more. Utilities available at the road.
NYS Coded Construction, Modular home development plans have been established for consideration.
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| May 28, 2025 | In contract | - | |
| In contract | |||
| Dec 7, 2024 | Listed | $25,000 | |
| Listed | |||
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Ready to build your new home? This perfect sized double corner lot is cleared and ready for construction. Tucked into a quiet corner of the town, steps from Falconer Park, you have serenity with the comfort of knowing your amenities are still close by. Walkable to school, grocery stores, bank and more. Utilities available at the road.
Taxes reflect prior home - if no build, will update during next assessment roll.
NYS Coded Construction, Modular home development plans have been established for consideration.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017