423 Palmer St
About This Property
Partner with a reputable local builder to create your own home on a spacious double-lot - combining the convenience of in-town living with new construction. If you desire to live in town but have been struggling with the quality of options available and the complicated process of finding an available builder, this is your chance to skip the frustration and hassle.
High Desert Development has completed 27+ homes locally since 2021, with a proven track record of delivering quality homes on time and on budget.
Plans available for home shown at this base price - additional floor plans and customization options available. Estimated construction timeline is 6-9 months from groundbreaking. Seller is a licensed agent.
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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 |
|---|---|---|---|
| Nov 7, 2026 | No longer available | - | |
| No longer available | |||
| Jul 3, 2026 | Listed | $1,250,000 | |
| Listed | |||
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Last Updated: 4 days ago
Data Source: REcolorado MLS, MLS# IRE9370360
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017