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Map
4801 Fairview DR
About This Property
The 0.25-acre lot is deep with no trees impeding your design. The front is 69 feet wide, and the rear is 80 feet wide. The north property line is 139 feet deep, and the south property line is 157 feet deep. The existing house will be removed by the beginning of August, making it ready for your new home construction.
This lot is zoned to great schools, including Highland Park Elementary. You can walk to Russells & Starbucks for your morning coffee or Yamas for date night or happy hour. Don't miss this incredible opportunity to create your custom home in the heart of Highland Park West. With its prime location and fantastic amenities, this lot is truly a gem! Buyer to verify all information.
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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 |
|---|---|---|---|
| Jan 29, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Oct 5, 2024 | Price Decreased |
$799,000
↓ $50K
(5.9%) | |
| Price Decreased | |||
| Sep 24, 2024 | Price Decreased |
$849,000
↓ $40K
(4.5%) | |
| Price Decreased | |||
| Sep 11, 2024 | Price Decreased |
$889,000
↓ $11K
(1.2%) | |
| Price Decreased | |||
| Aug 6, 2024 | Price Decreased |
$899,900
↓ $20K
(2.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017