225 IVANHOE Drive
About This Property
This 7-acre property comes equipped with an electric pole, 3 wells, and a septic system, offering a head start on your next project. Located on a corner lot with rolling hills and mature trees, the land is ready for a variety of possibilities.
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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 11, 2026 | Price Decreased |
$62,500
↓ $3K
(3.9%) | |
| Price Decreased | |||
| Jul 24, 2026 | Price Decreased |
$65,000
↓ $5K
(7.1%) | |
| Price Decreased | |||
| Jun 28, 2026 | Price Decreased |
$70,000
↓ $5K
(6.7%) | |
| Price Decreased | |||
| Apr 2, 2026 | Relisted | $75,000 | |
| Relisted | |||
| Jan 5, 2026 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017