244 NEW FREEDOM ROAD
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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 |
|---|---|---|---|
| Aug 18, 2025 | Sold | ||
| Sold | |||
| Jun 25, 2025 | In contract | - | |
| In contract | |||
| Jan 15, 2025 | Listed | $499,900 | |
| Listed | |||
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Farmhouse with out-building on 5.4 acres. Zoned commercial (GBD - General Business District). This is an estate sale - everything is as-is condition. Home needs work, strictly as-is. Cesspool on property. Buyer is responsible for any inspections or certifications including C/O. Value is in the land. Tremendous potential on heavily traveled road. Zoning information is in documents.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017