385 High St.
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 |
|---|---|---|---|
| Aug 2, 2024 | Sold | ||
| Sold | |||
| Apr 30, 2024 | Listed by Michael Seward Real Estate | $190,000 | |
| Listed by Michael Seward Real Estate | |||
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This property is zoned "General Commercial", which comes with all sort of potential uses for this 1.53 acre lot. According to the city's zoning bylaws, General Commercial zoning allows the following uses: mixed use, garden center, professional office, retail, trade shops, construction center, theater, photocopying and data processing, self-storage, medical center, two and three family dwelling, and other uses by special permit.
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| Jun 26, 2001 | Sold | ||
| Sold | |||
| Mar 2, 2001 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017