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34-35 Jordan Street
About This Property
This property consists of two adjoining lots being sold together, totaling approximately 3,550 sq ft: Single-Family Residential – R3A zoning (Block 6078, Lot 62), approximately 24.5 x 100; and Vacant Land – R3A zoning (Block 6078, Lot 61), approximately 11 x 100 (approximately 1,100 sq ft). The additional lot may offer opportunities for expansion, outdoor use, or parking, subject to permits and approvals.
The property includes a fenced backyard and a parking area accommodating multiple vehicles. Positioned near shopping, dining, public transportation, and major highways.
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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.
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About Northeastern Queens
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017