398 Cornell Road
About This Property
approximately 1,306,800 square feet or approximately 30 acres of land. Built
approximately in the year 1962 show it has four bedrooms. At this price with
this much land if you blink it will be SOLD. Buyers check with City, County,
Zoning, Tax, and other records to their satisfaction. AS-IS SALE property.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 27, 2024 | Sold | ||
| Sold | |||
| Nov 12, 2024 | In contract | - | |
| In contract | |||
| Oct 25, 2024 | Price Decreased |
$187,300
↓ $25K
(11.7%) | |
| Price Decreased | |||
| Oct 8, 2024 | Price Decreased |
$212,000
↓ $33K
(13.3%) | |
| Price Decreased | |||
| Sep 21, 2024 | Price Decreased |
$244,500
↓ $43K
(14.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017