254 Alexander Avenue
About This Property
This property is being sold as a package with the neighboring parcel at 270 Alexander, bringing the total acreage to approximately 15 acres.
A rare opportunity for those seeking space, privacy, or future development possibilities. Showings by appointment only.
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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 |
|---|---|---|---|
| Apr 10, 2026 | Sold | ||
| Sold | |||
| Jan 29, 2026 | In contract | - | |
| In contract | |||
| Nov 19, 2025 | Listed by One Real Estate Group, LLC | $1,250,000 | |
| Listed by One Real Estate Group, LLC | |||
| Feb 18, 2024 | No longer available | - | |
| No longer available | |||
| Dec 13, 2023 | Price Decreased |
$3,960,000
↓ $540K
(12%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017