38 Sims
About This Property
As of August 9, the private bridge has been completed and installed. Road construction is scheduled to begin Wednesday, September 9, with an estimated completion time of approximately 30 days for all roads. The project experienced a delay due to the engineering and construction requirements for the $250,000 private bridge, which the developer was required to install at his own expense.
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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%.
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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 |
|---|---|---|---|
| Jan 17, 2026 | Listed by American Dream Realty | $125,000 | |
| Listed by American Dream Realty | |||
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Last Updated: 2 months ago
Data Source: MLS Technology, MLS# 2601998
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017