Lot 4 Old Spruce Street
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 |
|---|---|---|---|
| Jul 31, 2015 | Sold | ||
| Sold | |||
| Dec 10, 2009 | Sold | ||
| Sold | |||
| Apr 9, 2009 | Listed by Jack Conway - Conway On The Bay | $77,500 | |
| Listed by Jack Conway - Conway On The Bay | |||
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Picturesque wooded lot sitting approx 1600' from main road. Original parcel consisted of 5 Form A Lots all sharing a common drive. Lots 1 and 3 have been sold and houses have been built. The shared driveway is in and lot is easy to view. Lot 4 contains reservoir for adjacent cranberry bog (with water rights retained by easement). Approx. 1.81 acres of upland area.
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Address: 335 Madison Avenue, New York, NY 10017