51 Emerson St Land
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 |
|---|---|---|---|
| Jul 29, 2019 | Sold | ||
| Sold | |||
| Oct 26, 2018 | Sold | ||
| Sold | |||
| May 8, 2018 | Sold | ||
| Sold | |||
| Feb 3, 2017 | Listed by Carol Brannaka REALTORS® | $60,000 | |
| Listed by Carol Brannaka REALTORS® | |||
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REDUCED!!! NORTH END!! 60K!!! IMPROVED LAND!!! THIS IS THE LAND YOU WANT!!!! FINISHED, LEVEL,GRADED WITH A LAWN. FULLY FENCED IN WITH BOTH A WHITE PICKET VINYL FENCE (BELONGS TO 61 EMERSON ON THE EAST OF THE LOT), AND VINYL FENCING ON THE FRONT OF THE LOT, ONLY FOR THIS PIECE OF LAND, AND A WOOD STOCKADE FENCE ON TWO SIDES (S & W) THAT BELONG TO THIS LOT ONLY. LAND IS METICULOUSLY MAINTAINED WEEKLY. GREAT BUILDERS LOT. EASY ACCESS. HAD A HOME ON IT MANY YEARS AGO THAT WAS DEMOLISHED. CONNECTIONS TO WATER, SEWER, GAS AND ELECTRIC ARE AVAILABLE AT THE STREET FROM THE PRIOR HOME. SINCE A FULL YARD IS ALREADY ESTABLISHED, AND CONNECTIONS ARE AVAILABLE @ ST, YOUR SITE COSTS ARE LOWER. THERE ARE 6 NEWER HOMES ALREADY BEHIND AND NEXT TO THIS LOT. VISUALLY, YOU CAN HAVE YOUR BUYERS SITE THE DISTANCE BETWEEN THE EXISTING HOMES. IMPROVED WITH A FULLY FENCED LOT AND FINISHED LOT WITH GRASS. UTILITY CONNECTIONS ARE AT THE STREET FORM A FORMER HOUSE BEING HERE....
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017