370 S US HIGHWAY 1
About This Property
The property is located in an X flood zone, making it especially attractive for those dreaming of building a custom home or private getaway. Wide open space, excellent visibility, and a location along a major corridor create a unique combination rarely available in today's market.
Whether you're planning your dream build or securing land for the future, this property offers the freedom that only acreage can provide.
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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 3, 2026 | Price Decreased |
$285,000
↓ $14K
(4.7%) | |
| Price Decreased | |||
| Feb 20, 2026 | Listed by LOCAL LIVING REALTY GROUP | $299,000 | |
| Listed by LOCAL LIVING REALTY GROUP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017