2008 Rainbow 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 |
|---|---|---|---|
| Jul 17, 2024 | Sold | ||
| Sold | |||
| Apr 25, 2024 | In contract | - | |
| In contract | |||
| Feb 15, 2024 | Listed by eXp Realty LLC | $279,000 | |
| Listed by eXp Realty LLC | |||
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Prime commercial building with plenty of office space available for sale. Located just off a bustling street, this property is ideal for entrepreneurs looking to establish their business in a highly desirable area. With 6 bedrooms and ample square footage, this building offers endless possibilities for customization. Don't miss out on this opportunity to secure a strategic location for your business ventures. Contact the listing agent today to schedule a viewing!
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| Jan 20, 2024 | No longer available | - | |
| No longer available | |||
| Aug 21, 2023 | Listed by Vive Realty LLC | $279,000 | |
| Listed by Vive Realty LLC | |||
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Location, Location, Location! Are you an Entrepreneur that is ready to start your business in a great location? Look no further! This building is ready to be put in use. It is located off a busy street and only 10 minutes from Downtown Houston! Contact listing agent for any appointments!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017