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523 N 3rd Street
About This Property
The existing home needs repairs and updating and is being sold AS-IS. This could be an excellent opportunity for an investor, builder or developer seeking renovation, rental, land or future redevelopment potential. Seller prefers to sell the entire portfolio together but will consider offers on individual properties.
Interior photos are not currently available. Contact the listing agent for portfolio pricing, property details and showing instructions. Buyer and buyer's agent are responsible for independently verifying all information, including measurements, condition, utilities, zoning, permitted use, demolition, redevelopment and new-construction possibilities with the appropriate authorities.
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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 |
|---|---|---|---|
| Sep 21, 2026 | Listed by Keller Williams Frisco Stars | $169,990 | |
| Listed by Keller Williams Frisco Stars | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017