203 Platt Avenue
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 |
|---|---|---|---|
| May 13, 2025 | Sold | ||
| Sold | |||
| Apr 29, 2025 | In contract | - | |
| In contract | |||
| Apr 22, 2025 | In contract | - | |
| In contract | |||
| Feb 10, 2025 | Listed by Better Homes and Gardens Real Estate Murphy & Co. | $80,000 | |
| Listed by Better Homes and Gardens Real Estate Murphy & Co. | |||
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This is a cleared lot in a residential area of a small town with a large military installation. It comes with an asphalt driveway and 2 sheds on the premises, one occupied as an office and the other as storage. The sheds and their contents are included in the lot sale. In addition, the sale includes an open permit for a 10kw Solar System and most of the equipment. The lot has Natural Gas, public water and public sewer on site, but not connected. These on-site utilities should reduce the cost of construction. This property had an environmental issue, but was remediated in 2015 to the satisfaction of the NJ DEP as shown on the attached NJ DEP Letter acknowledging cleanup with no further action required. The lot is undersized for the R2 residential zone, but most of the houses in the area are on similar size lots and a variance should be relatively routine. With the variance, the lot is ready to build your home. Come, See and Make An Offer!
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| Sep 13, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017