331 Orange Tree Drive
About This Property
Approximately 1.477 acres
Zoned R3
Density 18.78/acre, yielding 25 residential units
JFK Medical Center on-site
Atlantis Country Club (semi-private) 18 holes
Lost City Golf Club (private) 27 holes
Atlantis Police and City Hall across street
Two parks, one has lighted tennis & splash pad
Single family custom built homes
Townhomes, condos, apartments
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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 |
|---|---|---|---|
| Sep 22, 2026 | In contract | - | |
| In contract | |||
| Jan 28, 2021 | Listed by Atlantis Realty Inc. | $2,200,000 | |
| Listed by Atlantis Realty Inc. | |||
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About Atlantis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017