2023 Lamar St
About This Property
Imagine The Possibilities With This Rare DOUBLE LOT Gem
Perfectly positioned in coveted Edgewater location just a stone's throw from the vibrant Sloan's Lake. This exceptional property offers a fantastic canvas for visionary developers, investors, and builders to bring their most ambitious projects to life.
Not ready to develop just yet? The large 4 bedroom home is very livable or rent ready. Needs updating.
The proximity to picturesque views and bustling atmosphere ensures that your development will be in high demand. Residents and visitors alike will appreciate the easy access to recreational activities, trendy restaurants, and cultural scene.
Don't miss this extraordinary opportunity to make your mark on the Edgewater landscape. Seize this double lot development opportunity today and turn your vision into a reality!"
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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 |
|---|---|---|---|
| Aug 12, 2024 | Sold | ||
| Sold | |||
| Aug 2, 2024 | In contract | - | |
| In contract | |||
| Jul 26, 2024 | Relisted | $579,000 | |
| Relisted | |||
| Jul 19, 2024 | In contract | - | |
| In contract | |||
| Jun 27, 2024 | Price Decreased |
$579,000
↓ $20K
(3.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017