5611 LAS GRANJAS Drive
About This Property
Don't miss this fantastic opportunity to build your dream home on a spacious 19,000-square-foot lot located on a quiet cul-de-sac in a well-established Upper Valley neighborhood. Enjoy plenty of space for a custom home, outdoor living areas, and more, all in a desirable setting surrounded by established homes.
Bring your vision and make this beautiful lot your own! Call today to schedule your appointment and take a look at this great opportunity.
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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 1, 2026 | Sold | ||
| Sold | |||
| Aug 26, 2026 | In contract | - | |
| In contract | |||
| Aug 7, 2026 | Listed by Innovation Realty | $219,000 | |
| Listed by Innovation Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017