2622 Lombard Avenue
About This Property
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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 |
|---|---|---|---|
| Apr 9, 2023 | No longer available | - | |
| No longer available | |||
| Aug 16, 2022 | Price Decreased |
$348,800
↓ $36K
(9.4%) | |
| Price Decreased | |||
| May 31, 2022 | Price Decreased |
$385,000
↓ $65K
(14.4%) | |
| Price Decreased | |||
| Apr 8, 2022 | Listed by My Dog Tess, Inc. | $450,000 | |
| Listed by My Dog Tess, Inc. | |||
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Endless possibilities - renovate the existing house or develop! Zoned CN for 4 dwelling units. Can subdivide into 2+ lots. Purchase includes land w/ SFH, survey, permit ready plans & engineering. Plans include: 4-unit multiplex - #A,D-1story,2/1,~900sf ea; #B,C-2story,3/2,~1300sf ea. Total - 10bed/6ba,4413sf. Rare opportunity to own commercially zoned property for multifamily development in desirable neighborhood 5 min from downtown Durham! Sold as-is. Buyer to verify all details. The manager has listed the unit size as 912 square feet.
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| Oct 12, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017