3 Frances Way
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 |
|---|---|---|---|
| Jul 11, 2024 | Sold | ||
| Sold | |||
| May 29, 2024 | Listed by Maple and Main Realty, LLC | $155,000 | |
| Listed by Maple and Main Realty, LLC | |||
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Rare opportunity to build in beautiful Pine Plains Estates! One of only a few undeveloped lots left in this desirable, established neighborhood, this parcel abuts 33 acres of protected land. The lot is perced with underground electricity and water at the street. Bring your custom plans and build the home of your dreams in this gorgeous setting! Quiet and peaceful but conveniently located to route 5 and I-91 and many area amenities.
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| Aug 14, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017