317 PENDALE Road
About This Property
Within a 5-mile radius, the immediate market area boasts a 2025 projected population of 191,285 residents and a thriving employment base of over 71,000 individuals across nearly 5,800 businesses.
Rezoning the property to a higher density classification-such as C-1, C-2, or multifamily residential zoning-could significantly enhance its value and broaden its appeal to developers. Potential uses include retail centers, mixed-use projects, or apartment complexes, capitalizing on the persistent demand for quali
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 6, 2026 | Sold | ||
| Sold | |||
| Dec 19, 2025 | In contract | - | |
| In contract | |||
| Dec 4, 2025 | Price Decreased |
$197,228
↓ $37K
(15.7%) | |
| Price Decreased | |||
| Oct 8, 2025 | Listed by Cap Rate Real Estate Group | $234,000 | |
| Listed by Cap Rate Real Estate Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017