17
Map
28 Townsend Street
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 |
|---|---|---|---|
| Sep 3, 2026 | Listed by Pioneer Star Real Estate Inc. | $74,900 | |
| Listed by Pioneer Star Real Estate Inc. | |||
| May 19, 2026 | Listed by Pioneer Star Real Estate Inc. | $75,000 | |
| Listed by Pioneer Star Real Estate Inc. | |||
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Turnkey income property in a desirable neighborhood with a long-term Section 8 tenant paying $880/month and wishing to stay.
Tenant is cooperative and maintains the home with pride of ownership. Many updates completed over the past 4 years for lower maintenance and reliable performance. Features a private driveway and fenced backyard—ideal for outdoor activities.
Strong, headache-free cash-flow opportunity for savvy investors. Sold as-is.
Showings require 24 hours’ notice.
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| Feb 1, 2022 | Sold | ||
| Sold | |||
| Jun 10, 2019 | Sold | ||
| Sold | |||
| May 2, 2019 | Listed by Pioneer Star Real Estate Inc. | $34,900 | |
| Listed by Pioneer Star Real Estate Inc. | |||
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Currently occupied receiving rent of $800 per month. Tenant would love to stay.
Published commission on sales price less concessions and credits to MLS members only. Must give 24-48 hour notice Tenant occupied. ShowingTime Only for appointments. Must be accompanied by the Showing Agent and must be registered as a showing on ShowingTime.
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Property Highlights
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Price/ft²
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About East Side
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Data Source: NYSAMLSs, MLS# B1712256
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