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403 Sikes Street
About This Property
Each lot is approximately 125' deep, providing room for a backyard while still allowing for private driveway parking. The approved plans feature 3.5 bathrooms and ground-level living, offering a highly desirable layout for new construction.
List price if for one of the three lots. The other two lots are also available.
Additional shovel-ready development projects are also available for builders looking to expand their pipeline.
An excellent opportunity to skip the planning and permitting process and move straight into construction.
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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 |
|---|---|---|---|
| Sep 17, 2026 | Listed by United Real Estate | $140,000 | |
| Listed by United Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017