406 Skipper Terrace
About This Property
Great opportunity to own this oversized pie-shaped residential lot located in Banyan Village.This unique property offers added space and flexibility for your future home design, with a desirable layout that provides extra room in the rear of the lot. Enjoy additional privacy with a greenbelt located directly behind the property no rear neighbors and no future development, creating a peaceful and natural setting.
Situated in a growing area of LaBelle, this lot is ideal for building your dream home or investing for the future. Conveniently located near local amenities, schools, and with easy access to surrounding areas.
A rare find offering both space and privacy in a desirable location.
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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 |
|---|---|---|---|
| Jun 12, 2026 | Listed by Southern Heritage Real Estate | $25,900 | |
| Listed by Southern Heritage Real Estate | |||
| Jun 1, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017