228 Union Avenue
About This Property
Set on an expansive 1.22-acre flat property, this exceptional lot offers endless possibilities for building, expansion, outdoor living, and recreation. Rarely found in this area, the land is perfectly level, making it ideal for creating your dream home, adding a pool, sports court, or designing extensive landscaping. The generous acreage provides exceptional privacy, wide open green space, and a true estate-like feel-while still being close to everything Harrison has to offer.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017