5927 Brown LANE
About This Property
RARLEY AVAILABLE. wow just got the news...A 44 UNIT RESIDENTIAL VILLAS DEVELOPMENT ON Brown Lane is being proposed.
SELLER MOTIVATED. CASH ONLY
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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 |
|---|---|---|---|
| Mar 1, 2024 | Sold | ||
| Sold | |||
| Nov 6, 2023 | In contract | - | |
| In contract | |||
| Jan 18, 2023 | Listed by EXP REALTY LLC | $1,300,000 | |
| Listed by EXP REALTY LLC | |||
| | |||
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RARE OPPORTUNITY for land and development west of I-75 near UTC & Nathan Benderson Park. This property is being sold in tandem with MLS Listing ID: A45577771 (see listing for details) totaling 2 acres of land. The possibilities are endless including opportunities to rezone and build your dream home or cash-flowing investment dwelling units. Contact Vision Planning & Design in Sarasota for more information. The location is PRIME with proximity to restaurants, beaches, entertainment, recreation, transportation and so much more...
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| Dec 12, 2022 | Sold | ||
| Sold | |||
| May 27, 2022 | Listed by COLDWELL BANKER REALTY | $195,000 | |
| Listed by COLDWELL BANKER REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017