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2051 FRANK E Avenue
About This Property
Property features city water and a septic system (recently serviced), a 200-amp electrical panel with grounded wiring, and durable flooring already in place. Laundry is located in the kitchen area. Major updates needed include roof and HVAC, making this an ideal light rehab for investors looking to add value. Conveniently located with easy access to major roadways and amenities.
Sold as-is, seller to make no repairs. Cash or hard money preferred. Bring your vision and turn this into your next profitable project.
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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 |
|---|---|---|---|
| Sep 23, 2026 | Sold | ||
| Sold | |||
| Aug 25, 2026 | In contract | - | |
| In contract | |||
| Aug 24, 2026 | Price Decreased |
$69,900
↓ $3K
(4.1%) | |
| Price Decreased | |||
| Aug 3, 2026 | Relisted | $72,900 | |
| Relisted | |||
| Jul 27, 2026 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017