5400 DONIPHAN Drive
About This Property
The site is currently zoned R-4, allowing for several potential residential development options. Additionally, given the nearby commercial uses along Doniphan Drive, the property may present an opportunity for future zoning consideration or redevelopment consistent with surrounding commercial development.
The existing structure, originally built between 1945 and 1946, is not being marketed for occupancy and is likely best suited for demolition to allow for new development.
Large parcels in this section of the City are becoming increasingly difficult to find, making this property an excellent opportunity for investors or developer
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 27, 2026 | Sold | ||
| Sold | |||
| Mar 24, 2026 | In contract | - | |
| In contract | |||
| Mar 6, 2026 | Listed by Cap Rate Real Estate Group | $70,000 | |
| Listed by Cap Rate Real Estate Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017