309 Emerald Street, Lot 3A
About This Property
For buyers looking for additional land and flexibility, the opportunity to acquire both parcels could provide an even greater footprint and the potential to utilize the existing garage while developing the additional lot. Whether you're a builder, investor, or buyer looking for a unique property opportunity, this side-by-side combination is worth exploring.
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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 |
|---|---|---|---|
| Oct 5, 2026 | Listed | $15,000 | |
| Listed | |||
| Jul 13, 2026 | Sold | ||
| Sold | |||
| Jun 15, 2026 | In contract | - | |
| In contract | |||
| May 28, 2026 | Listed | $280,000 | |
| Listed | |||
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Welcome to this beautifully fully remodeled home situated on a spacious 9,612 sq. ft. lot! This charming 3-bedroom, 1-bathroom property offers a bright and inviting atmosphere filled with an abundance of natural light throughout. Thoughtfully updated with modern finishes, the home combines comfort and style while offering plenty of outdoor space for entertaining, gardening, or future possibilities. A perfect opportunity to enjoy move-in ready living on an oversized lot! 2 Lots right next to the home are also available for purchase. One lot has an oversized garage!
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| Aug 10, 2025 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017