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249 Apodaca Place
About This Property
This spacious lot presents a unique opportunity for anyone interested in building a house, a duplex, an assisted living facility or any other compatible use that is permitted with the existing zoning (Please ask your agent for the attached document of permitted uses with R-4 Zoning. This lot is strategically located off Zaragoza Ave, within walking distance to the Speak Rocking casino as well as a short drive from the Zaragoza Bridge, so opportunities for development are countless.
The site is very compatible with a duplex, a single-family home, a church, along with many much more uses. So please drive by and decide for yourself if this is right for you.
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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 28, 2025 | Sold | ||
| Sold | |||
| Oct 13, 2025 | In contract | - | |
| In contract | |||
| Mar 20, 2024 | Listed by PPR-Real Estate Investment Ser | $150,000 | |
| Listed by PPR-Real Estate Investment Ser | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017