2882 Monroe St
About This Property
The TU-C zoning on this giant lot allows for multiple development opportunities. 2 SFHs, SFH + ADU or a Duplex. Splitting the lot may also afford the possibility of TWO DUPLEXES, which has been done on a slightly smaller lot a couple of blocks away at Garfield and 27th.
Whether you are looking for space to build your own home or develop land as an investment, 2882 Monroe is where you want to make it happen.
Conceptual drawings and plans for some of the 2 SFH or Duplex options are available for review by request.
Information Video Here: https://youtu.be/vaqZKO_bi3Q?si=efl0Y8IoNnFzFjvI
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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 |
|---|---|---|---|
| May 23, 2025 | Price Decreased |
$690,000
↓ $5K
(0.7%) | |
| Price Decreased | |||
| Jan 10, 2025 | Price Decreased |
$695,000
↓ $55K
(7.3%) | |
| Price Decreased | |||
| Nov 25, 2024 | Listed by Denver Nook | $750,000 | |
| Listed by Denver Nook | |||
| Dec 7, 2021 | Sold | ||
| Sold | |||
| Oct 30, 2021 | Listed by Keller Williams Realty Downtown LLC | $625,000 | |
| Listed by Keller Williams Realty Downtown LLC | |||
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3 blocks to City Park's new golf course and all the amenities. This is a DEVELOPMENT PROPERTY Zoned E-TU-C large corner lot 9,880 sqft with alley access. Current zoning allows for two luxury homes with one being a tandem. A large attached property or a single-family with an ADU. The home is liveable 3x1 but most likely will be a scrape built-in 1891. This property started out as a dairy farm and has been owned by the current family for over 70+ years. This neighborhood has many new homes from scrapes. CALL LISTING AGENT Brian fisher at 720-988-5979* There is NO FOR SALE SIGN AT THE PROPERTY
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017