498 N Spring Street
About This Property
This cleared parcel is ready for your vision, whether you're planning to build a new primary residence or an investment property.
Conveniently located near schools, shopping, dining, parks, and major roadways, this property offers an ideal setting in an established area. Don't miss this chance to build your dream home or next investment project
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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 |
|---|---|---|---|
| Jul 28, 2026 | Price Decreased |
$40,000
↓ $5K
(11.1%) | |
| Price Decreased | |||
| Jul 18, 2026 | Listed by LoKation | $45,000 | |
| Listed by LoKation | |||
| Sep 20, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017