315 Delaware 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 |
|---|---|---|---|
| Nov 17, 2025 | Sold | ||
| Sold | |||
| Nov 4, 2025 | In contract | - | |
| In contract | |||
| Oct 30, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 29, 2025 | Listed by Brooks & Davis Real Estate | $62,000 | |
| Listed by Brooks & Davis Real Estate | |||
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This is a prime opportunity to acquire two adjacent, cleared, and ready-to-build residential lots, totaling 5,000 square feet, perfect for residential new construction. The land is completely vacant and cleared, which will save you significant time and cost on site preparation, allowing you to bring your blueprints straight to the property. Access to necessary municipal utilities is available at the street, though the buyer is responsible for verifying connection details and fees. Situated in a desirable and growing neighborhood, the property offers convenient access to major roads, shopping, and local amenities, making it a fantastic opportunity for both homebuyers looking to customize their perfect residence and builders/developers seeking a low-prep, high-demand site. Don't miss out on this rare find; contact us today for plat maps and further details!
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| Feb 16, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017