33 W 3rd 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 |
|---|---|---|---|
| Dec 10, 2025 | Price Decreased |
$495,000
↓ $4K
(0.8%) | |
| Price Decreased | |||
| Oct 2, 2025 | Listed | $499,000 | |
| Listed | |||
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Exceptional development opportunity in the Central Business District in Downtown Hialeah. Feasibility and Parking Study have been completed. A 7-unit mixed-use building can be built, by-right, without taking advantage of any affordable housing incentives. Visible directly from Okeechobee, and being next to the popular restaurant La Fresa Francesa, gives this block huge potential for a newly envisioned mixed-use area. We have designed the building to have a commercial space on the ground floor and a potential F&B rooftop space. The vision you will see attached is inspired by old Havana architecture. This is a chance to make this downtown Hialeah block iconic. A future assemblage of the adjacent lots can truly create something special.
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| Aug 31, 2022 | Sold | ||
| Sold | |||
| Aug 5, 2022 | Listed by United Realty Group Inc. | $385,000 | |
| Listed by United Realty Group Inc. | |||
| Nov 30, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017