2005 Tower DR
About This Property
boasting an expansive space that offers endless possibilities. Key Features: Prime Location: Located across from a park
in the highly sought-after TarryTown neighborhood, this property offers the perfect blend of tranquility and
convenience. Double Lot: With its generous double lot size, this property provides ample space for potential
development or expansion opportunities. Scenic Views: Enjoy the serene ambiance with a creek running through the
property, offering picturesque views and a connection to nature. Floodplain Potential: Situated in a floodplain, this
property offers unique potential for creative development or land use. Land Value: Being sold for land value, this
presents an exceptional opportunity for investors, developers, or those looking to build their dream home in this
coveted neighborhood. Easy Access: With convenient access to MoPac, commuting to downtown Austin or other parts
of the city is a breeze, making this location ideal for those seeking urban convenience with a suburban feel. Don't miss
out on this rare chance to own a piece of TarryTown's charm! Contact us today to schedule a viewing and explore the
endless possibilities that await you at 2005 Tower Dr.
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 23, 2024 | In contract | - | |
| In contract | |||
| May 14, 2024 | Price Decreased |
$1,100,000
↓ $200K
(15.4%) | |
| Price Decreased | |||
| May 7, 2024 | Listed by DEN Property Group | $1,300,000 | |
| Listed by DEN Property Group | |||
| Apr 9, 2024 | Listed by DEN Property Group | $1,300,000 | |
| Listed by DEN Property Group | |||
| | |||
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Welcome to 2005 Tower Dr., a rare gem nestled in the heart of TarryTown. This unique duplex sits on a double lot, boasting an expansive space that offers endless possibilities.
Key Features: Prime Location: Located across from a park in the highly sought-after TarryTown neighborhood, this property offers the perfect blend of tranquility and convenience.
Double Lot: With its generous double lot size, this property provides ample space for potential development or expansion opportunities.
Scenic Views: Enjoy the serene ambiance with a creek running through the property, offering picturesque views and a connection to nature.
Floodplain Potential: Situated in a floodplain, this property offers unique potential for creative development or land use.
Land Value: Being sold for land value, this presents an exceptional opportunity for investors, developers, or those looking to build their dream home in this coveted neighborhood.
Easy Access: With convenient access to MoPac, commuting to downtown Austin or other parts of the city is a breeze, making this location ideal for those seeking urban convenience with a suburban feel.
Don't miss out on this rare chance to own a piece of TarryTown's charm! Contact us today to schedule a viewing and explore the endless possibilities that await you at 2005 Tower Dr.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017