6225 Empire Grade
About 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 |
|---|---|---|---|
| Mar 15, 2025 | Listed by Sherman & Boone Realtors | $840,000 | |
| Listed by Sherman & Boone Realtors | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| May 30, 2020 | In contract | - | |
| In contract | |||
| Apr 15, 2020 | Listed | $875,000 | |
| Listed | |||
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Not quite a tiny house; a sensible 1 BR, 1 ba 792' home on 10.6 acres, adj. state park land. Fully 4 FLAT acres on south side of driveway, heading toward town and Pineridge. Simple 1 story home sits atop the gently sloped parcel; look over the trees to the open Pacific! Enjoy the sun, the tall, oversized garage, the comfy house and the chance for gardening or planting an orchard at 1,800 feet above the coastal fog. Built by a bachelor with simple tastes, the home is a solid, serene blank canvas. Disappointed when looking at homes where you have to pay for someone elses design decisions you will tear out after you buy? Here you buy a great property without paying retail for someone else's choices. The home is livable as is while you build your dream house, or dress this home up with some easy upgrades for yourself or as an ADU for guests, rental income. Just a short way up Empire Grade from UCSC to privacy, lots of space, and easy access to Santa Cruz & the North Coast beaches. The manager has listed the unit size as 792 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017