55 Chaffee Avenue
About This Property
This is a buildable lot.
A new home is being constructed across the street. The builder is constructing it for the homeowner who bought the property, knocked down the house, and then built a new one. He estimates the home to be worth 1.9+ million once completed. This will give you an idea of its value and what can be accomplished on 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 |
|---|---|---|---|
| May 19, 2025 | Sold | ||
| Sold | |||
| Mar 25, 2025 | In contract | - | |
| In contract | |||
| Feb 26, 2025 | Relisted | $799,989 | |
| Relisted | |||
| Jan 14, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Dec 26, 2024 | Listed by Turn Key Real Estate | $799,989 | |
| Listed by Turn Key Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017