Lot 3 Reed 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 |
|---|---|---|---|
| May 21, 2026 | Listed by Lisa Caron Real Estate LLC | $549,000 | |
| Listed by Lisa Caron Real Estate LLC | |||
| Nov 17, 2025 | Sold | ||
| Sold | |||
| Oct 23, 2025 | In contract | - | |
| In contract | |||
| Sep 17, 2025 | Listed by RE/MAX Connections | $38,500 | |
| Listed by RE/MAX Connections | |||
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Are you feeling the frustration of not being able to find your dream home? New Construction is a great option. This affordable 1.43-acre building lot is waiting for you. Bring your ideas and plans and start the process towards home ownership. Town water available, percolation test in hand. Builders, take note—there are four lots available if you are looking to build multiple properties. Lot 7 Reed Street-7.33 Acres $55,500, Lot 3 Reed Street-1.43 Acres $38,500, lot 6 Reed Street $35,000. The buyer is responsible for conducting their own due diligence with the town building departments.
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| Aug 30, 2025 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017