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2238 Stanley Rd
About This Property
What truly sets this property apart is the extensive due diligence that has already been completed. Significant time, planning, and investment have gone into creating a clear path forward for a future build. Approvals and plans are in place, allowing a buyer to move forward with far more confidence and less upfront uncertainty than typical vacant land offerings in the area.
To provide additional flexibility, the seller is willing to consider owner financing for qualified buyers with a minimum 30% down payment. Financing terms, interest rate, repayment schedule, and all other conditions are negotiable and subject to mutual agreement between Buyer and Seller as part of the purchase contract.
Whether you are looking to build now or secure a property with strong future potential, this is an opportunity to bypass much of the early legwork and step into something far more turnkey than raw land.
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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 |
|---|---|---|---|
| Jul 17, 2026 | Price Decreased |
$149,000
↓ $10K
(6.3%) | |
| Price Decreased | |||
| Apr 8, 2026 | Listed | $159,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017