308 Ostrander 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 |
|---|---|---|---|
| Jun 21, 2024 | Sold | ||
| Sold | |||
| Mar 27, 2024 | In contract | - | |
| In contract | |||
| Jan 8, 2024 | Listed by Pine Barrens Realty LLC | $1,100,000 | |
| Listed by Pine Barrens Realty LLC | |||
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Come build your empire right here in Riverhead. The land is currently one of the parking lots for the Aquarium. It's zoned DC-5 you can build the following: Single-family & Two-family units, Townhouses, Professional Office spaces. Special permit uses for the following: Day-Care Facilities and Nursery schools, Bed & Breakfast establishments. The land is right across the street from "Young & Young Surveying" on Corwin Street.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017