412 WALLACE AVENUE
About This Property
A standout feature of the property is the detached garage, offering ample storage space for vehicles, tools, or even a workshop. The expansive lot size provides plenty of outdoor space, allowing for gardening, entertaining, or other personal projects. The property is conveniently located near local amenities, schools, and public transportation, providing easy access to nearby areas. Property will be sold in as-is condition. Seller makes no warranties of condition, age, or what can be done with the land. Buyer responsible for any and all township certificates.
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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 |
|---|---|---|---|
| Aug 6, 2025 | Sold | ||
| Sold | |||
| Jul 13, 2025 | In contract | - | |
| In contract | |||
| Jul 6, 2025 | Listed by HOF Realty | $189,900 | |
| Listed by HOF Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017