240 MAY Lane
About This Property
Make this unimproved lot your next getaway! Seller is selling AS IS! the property has debris that would need to be cleaned off. Buyer would have to be responsible for that as seller does not have the means to clean up, hence, the price reduction.
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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 |
|---|---|---|---|
| Jun 15, 2026 | Sold | ||
| Sold | |||
| Jun 11, 2026 | In contract | - | |
| In contract | |||
| May 9, 2026 | Price Increased |
$7,000
↑ $2K
(40%) | |
| Price Increased | |||
| Apr 14, 2026 | Price Decreased |
$5,000
↓ $3K
(37.5%) | |
| Price Decreased | |||
| Mar 7, 2026 | Listed by MANUCY REALTY AND ASSOCIATES | $8,000 | |
| Listed by MANUCY REALTY AND ASSOCIATES | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017