411 Levi Ln
About This Property
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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 |
|---|---|---|---|
| Oct 2, 2025 | Price Increased |
$4,995,000
↑ $495K
(11%) | |
| Price Increased | |||
| Sep 19, 2025 | Listed by Golden Key Real Estate | $4,500,000 | |
| Listed by Golden Key Real Estate | |||
| Aug 12, 2025 | No longer available | - | |
| No longer available | |||
| Jun 19, 2025 | Price Decreased |
$4,900,000
↓ $1M
(17%) | |
| Price Decreased | |||
| Mar 6, 2025 | Listed | $5,900,000 | |
| Listed | |||
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RARE OPPORTUNITY FOR BUILDERS AND INVESTORS! THIS 1.832-ACRE PARCEL OF LAND IS READY TO START THE BUILDING PROCESS, WITH ENTITLEMENTS IN PLACE FOR THE CONSTRUCTION OF 56 RESIDENTIAL UNITS. THE APPROVED PLANS INCLUDE 12-PLEX BUILDINGS AND ONE 8-PLEX BUILDING (ENTITLED FOR 56 UNITS), ALL FEATURING SPACIOUS 2-BEDROOM, 2-BATH UNITS. THIS PROJECT IS DESIGNED AS CLASS A PROPERTY, COMPLETE WITH ELEVATORS FOR ADDED CONVENIENCE AND LUXURY. THIS LAND IS GRANDFATHERED INTO OLD WATER RIGHTS, OFFERING A SIGNIFICANT ADVANTAGE IN TERMS OF RESOURCE ACCESS AND COST-EFFICIENCY. ALL ESSENTIAL INFRASTRUCTURE IS ALREADY COMPLETE, INCLUDING PARKING, SIDEWALKS AND OTHER KEY UTILITIES, ALLOWING FOR A STREAMLINED DEVELOPMENT PROCESS. THIS PRIME SITE IS IDEAL FOR THOSE LOOKING TO CAPITALIZE ON A WELL-ENTITLED AND FULLY PREPARED PROJECT. MAKING IT AN EXCELLENT CHOICE FOR A QUICK AND PROFITABLE DEVELOPMENT.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017