309R Locust 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 |
|---|---|---|---|
| Aug 8, 2017 | Sold | ||
| Sold | |||
| May 11, 2016 | Listed by Churchill Properties | $1,300,000 | |
| Listed by Churchill Properties | |||
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LAND LAND LAND!!! This wonderful piece of land (two parcels located at 309R Locust St and 309 Locust St) has recently been made available for sale. Con Com issued Order of Resource Area Delineation (ORAD). The wetlands have been flagged and we have a concept plan for a 7 Lot Subdivision . The price includes 2 homes: a single family ranch and a block 2 family. Information sheet detailing ownership interest and lot detail available at site visit. “Lots Requires Zoning Board and Planning Board approval
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Address: 335 Madison Avenue, New York, NY 10017