507 Katy Street
About This Property
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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 |
|---|---|---|---|
| Oct 2, 2026 | Listed by Fathom Realty LLC | $70,000 | |
| Listed by Fathom Realty LLC | |||
| Feb 25, 2026 | Sold | ||
| Sold | |||
| Feb 2, 2026 | In contract | - | |
| In contract | |||
| Jan 16, 2026 | Listed by Fathom Realty LLC | $60,000 | |
| Listed by Fathom Realty LLC | |||
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Prime .39-acre lot located within city limits with excellent accessibility. Property sits just off Highway 69 on a city street that runs parallel to the highway, offering convenient access without direct highway frontage. No HOA. Pipe fencing already in place. Utilities are available at the road, making this an ideal site for residential or investment use. Great opportunity to build close to shopping, dining, and major travel routes while maintaining ease of access.
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| Dec 16, 2018 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017