6
Map
450 Park Drive
About This Property
Listed By
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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 31, 2026 | Price Decreased |
$79,000
↓ $10K
(11.2%) | |
| Price Decreased | |||
| Aug 6, 2026 | Price Decreased |
$89,000
↓ $10K
(10.1%) | |
| Price Decreased | |||
| Jul 11, 2026 | Price Decreased |
$99,000
↓ $12K
(10.8%) | |
| Price Decreased | |||
| Jun 10, 2026 | Listed by Crowned Eagle Realty | $111,000 | |
| Listed by Crowned Eagle Realty | |||
| Dec 4, 2022 | Listed by Burney Properties | $119,900 | |
| Listed by Burney Properties | |||
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Nearly one full acre! Two lots that back up to each other. Front lot on Park is .516. Back lot on Mustang is .449. Lots of potential for this level lot with mature trees, practically cleared. When the lake is up, the water views are amazing. When the lake is down, the valley views are relaxing. Park Lane has HOA, no mobile homes allowed. However, Mustang is not in an HOA and mobile homes are allowed. Water system on Park side. Septic will need to be installed. Electrical pole only a few feet away on Park. Imagine one or multiple structures. Create your compound. Maybe live in mobile home or RV while you build.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017