393 Lot B Farrington Rd
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 |
|---|---|---|---|
| Mar 10, 2023 | Sold | ||
| Sold | |||
| Feb 1, 2023 | Listed by RE/MAX Prof Associates | $38,000 | |
| Listed by RE/MAX Prof Associates | |||
| Nov 23, 2021 | Sold | ||
| Sold | |||
| Sep 3, 2021 | Listed by RE/MAX Prof Associates | $40,000 | |
| Listed by RE/MAX Prof Associates | |||
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Come build your dream home on this quiet, private lot on a dead end road. Almost 2.2 acres - some clearing has been done, with a driveway cut in place. Can be sold together as a single parcel (for tax savings) with the adjoining lot, also for sale. See MLS #: 72889593 . Information and documents available from your agent include survey, zoning map and bylaws - please ask your agent for these, which they can access in MLS.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017