246 THOMPSON Avenue
About This Property
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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 |
|---|---|---|---|
| Oct 16, 2025 | Price Decreased |
$19,900
↓ $5K
(20.1%) | |
| Price Decreased | |||
| Jan 22, 2025 | Listed by RE/MAX SPECIALISTS | $24,900 | |
| Listed by RE/MAX SPECIALISTS | |||
| Jan 6, 2025 | No longer available | - | |
| No longer available | |||
| Jul 27, 2024 | Price Increased |
$24,900
↑ $5K
(25.1%) | |
| Price Increased | |||
| Feb 16, 2023 | Listed by RE/MAX SPECIALISTS | $19,900 | |
| Listed by RE/MAX SPECIALISTS | |||
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Raw Land. Future use Designations: Agriculture.
Zoning district: Residential-2. Single family home. Minimum Setbacks: Front 25 ft, Sides 10 feet, Rear 25 feet. (double frontage on Sand Lake Trail/Thompson.
Minimum lot width: 75 ft, Minimum lot area(size) 7500 sq.ft. Maximum building height: 35 ft. Flood zone per GIS maps indicate the property is in Flood zone X, not considered a special flood hazard area. No wetlands noted per the National wetlands inventory/NWI maps.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017