22 Bray Street Lot 1
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 |
|---|---|---|---|
| Oct 28, 2024 | Sold | ||
| Sold | |||
| Aug 1, 2024 | In contract | - | |
| In contract | |||
| Feb 14, 2024 | No longer available | - | |
| No longer available | |||
| Feb 14, 2024 | Listed by Compass | $450,000 | |
| Listed by Compass | |||
| Aug 23, 2023 | Listed by Compass | $599,000 | |
| Listed by Compass | |||
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This 1-acre parcel of land presents a unique opportunity to purchase a secluded property in a highly desirable neighborhood of West Gloucester close to area parks and recreation including Wingaersheek Beach, Thompson Street Reservation as well as major routes north and south of the highway. A four bedroom perc test supports a new build in this location. Lot is restricted to a single family home. The property is surrounded by picturesque landscapes and groves of trees offering maximum privacy in a serene and natural setting. Prospective buyers are responsible for conducting their own due diligence.
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Address: 335 Madison Avenue, New York, NY 10017