522 PEARSONS PATH
About This Property
This vacant lot offers an excellent opportunity to build your future home or make a smart investment. Situated in Palma Ceia Park, the property features 0.64 acres of open terrain. Public water is available and septic is required. Enjoy a peaceful setting while remaining conveniently located near shopping, dining, schools, and major highways, providing easy access to city amenities. Whether you're looking for a private retreat, a development opportunity, or a long-term investment, this lot provides the flexibility and location to suit your needs. Listing is for land only and comes As Is. Street addresses can be for listing purposes only and vacant land will receive a true street address once improved.
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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 9, 2026 | Price Decreased |
$119,999
↓ $2K
(1.6%) | |
| Price Decreased | |||
| Jul 2, 2026 | Price Decreased |
$121,999
↓ $2K
(1.6%) | |
| Price Decreased | |||
| Jun 25, 2026 | Price Decreased |
$123,999
↓ $3K
(2.4%) | |
| Price Decreased | |||
| Jun 18, 2026 | Price Decreased |
$126,999
↓ $3K
(2.3%) | |
| Price Decreased | |||
| Jun 11, 2026 | Price Decreased |
$129,999
↓ $3K
(2.3%) | |
| Price Decreased | |||
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NEW ALLIANCE GROUP REALTY
Last Updated: 3 months ago
Data Source: Stellar MLS, MLS# A4694329
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Address: 335 Madison Avenue, New York, NY 10017