3500 Fay Brook Road
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 |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| Jul 6, 2024 | In contract | - | |
| In contract | |||
| Jul 1, 2024 | Listed by Housing Solutions Real Estate LLC | $53,000 | |
| Listed by Housing Solutions Real Estate LLC | |||
| Sep 22, 2022 | Sold | ||
| Sold | |||
| Oct 22, 2021 | Listed by Ann Swanson Real Estate | $45,000 | |
| Listed by Ann Swanson Real Estate | |||
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1.03 acre parcel of land that borders Fay Brook. Drilled well, septic system, and power on site. Former mobile home site. Bring in another mobile home or build new. This lot has been subdivided from a larger parcel so property taxes are to be determined. Structure to be placed on the property and connected to the utilities by 10/1/2024 to comply with the current State permit and to avoid further permitting.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017