6
Map
406 Prospect Ave Avenue
About This Property
Listed By
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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 |
|---|---|---|---|
| Jun 12, 2026 | Price Decreased |
$53,000
↓ $2K
(3.6%) | |
| Price Decreased | |||
| Jan 13, 2026 | Listed by Waterman Real Estate Inc. | $55,000 | |
| Listed by Waterman Real Estate Inc. | |||
| Oct 22, 2025 | Price Decreased |
$55,000
↓ $2K
(3.5%) | |
| Price Decreased | |||
| Jun 20, 2025 | Listed | $57,000 | |
| Listed | |||
| | |||
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Vacant residential cleared corner lot on Prospect Avenue, perfect for building your dream single-family home in a well-established neighborhood (Royal Garden Homes); features ample space for construction and landscaping, as outlined in the aerial image, with prime frontage on Prospect Avenue visible on the plat map, offering an excellent investment opportunity.
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| Nov 2, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017