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2515 NW 35TH DRIVE
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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 |
|---|---|---|---|
| Jul 22, 2026 | Price Decreased |
$24,900
↓ $3K
(9.5%) | |
| Price Decreased | |||
| Jul 15, 2026 | Price Decreased |
$27,500
↓ $2K
(6.8%) | |
| Price Decreased | |||
| Jul 9, 2026 | Listed by AMERICAN REALTY OF PSL LLC | $29,500 | |
| Listed by AMERICAN REALTY OF PSL LLC | |||
| Dec 30, 2025 | Price Decreased |
$23,900
↓ $1K
(4%) | |
| Price Decreased | |||
| Dec 2, 2025 | Listed | $24,900 | |
| Listed | |||
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Don’t miss this 0.26-acre vacant lot located in the growing community of Basswood Estates in Okeechobee. This property offers the perfect opportunity to build your future home or invest in land within a peaceful, established neighborhood. Situated just minutes from local shops, dining, schools, and main roadways, this lot provides both convenience and a quiet setting. With plenty of space and a desirable location, this is an excellent chance to secure your spot in Basswood Estates.
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Property Highlights
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About Okeechobee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017