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Lot 40-B Jones 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 |
|---|---|---|---|
| Jul 24, 2025 | Sold | ||
| Sold | |||
| Feb 18, 2025 | In contract | - | |
| In contract | |||
| Jan 30, 2025 | In contract | - | |
| In contract | |||
| Jan 27, 2025 | Listed | $159,800 | |
| Listed | |||
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Located in fantastic area off Highland Ave, this generational land is a rare double opportunities: This residential lot is one of two subdivided lots side by side available. Have family but don't want to live in same home- live side by side! Or looking to expand your building portfolio- neighboring house allows for shared expenses! Jones Street is a spacious wide street connecting North Main St to Highland Avenue consisting primary of single family homes and offers convenience of being located minutes from Highways, Waterfront downtown and Train station! City utilities located at the street! Here is your chance to build in desired area plus build your dream home!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017