32 KIRK LANE
About This Property
The lot dimensions of 58 x 100 ft offer a solid footprint, and because this parcel was originally two lots, it also lends itself to the possibility of building more than one structure with a variance from the township.
Currently, there are no active permits in place, as the seller has shifted focus to other projects. Buyer will be responsible for all due diligence, approvals, and permitting.
Whether you're an investor, builder, or homeowner looking to create something new, 32 Kirk Lane provides a fantastic opportunity to bring your vision to life!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017