340 Escalante Drive
About This Property
Discover the perfect spot for your future home on this spacious corner lot, nestled in a peaceful corner lot. With over 1/4 acre of undeveloped land, there's ample room to bring your vision to life.
Conveniently located near Socorro High School and Socorro Middle School, this prime lot offers both tranquility and accessibility.
Please verify all utilities and zoning restrictions. Buyers are encouraged to conduct their own due diligence.
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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 |
|---|---|---|---|
| Mar 21, 2025 | Sold | ||
| Sold | |||
| Feb 28, 2025 | In contract | - | |
| In contract | |||
| Feb 6, 2025 | Listed by Summus Realty | $65,000 | |
| Listed by Summus Realty | |||
| Jul 18, 2021 | Sold | ||
| Sold | |||
| Apr 16, 2021 | Listed by Golden Real Estate | $40,000 | |
| Listed by Golden Real Estate | |||
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Build your dream home in this quiet neighborhood. Corner lot located in a cul-de-sac. Over a 1/4 acre of undeveloped land ready for you. Close to Socorro High and Socorro Middle School. Please verify utilities and zoning restrictions.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017