650 Park Street
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 |
|---|---|---|---|
| Aug 3, 2024 | No longer available | - | |
| No longer available | |||
| Feb 2, 2024 | Listed by William Raveis Real Estate | $3,195,000 | |
| Listed by William Raveis Real Estate | |||
| Aug 11, 2023 | No longer available | - | |
| No longer available | |||
| Apr 24, 2023 | Price Decreased |
$3,450,000
↓ $545K
(13.6%) | |
| Price Decreased | |||
| Feb 24, 2023 | Listed by William Raveis Real Estate | $3,995,000 | |
| Listed by William Raveis Real Estate | |||
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Welcome to an unparalleled opportunity in the heart of Old Naples! This is not just any ordinary vacant lot, but a rare chance to acquire a piece of paradise and bring your dream home to life with nearly two years of design and planning already done for you. This remarkable opportunity comes with fully developed, permit-ready house plans that have been crafted by the world-renowned MHK Architecture, with engineering, landscape plans, and civil engineering by Cronin Engineering, Architectural Land Design, and Davidson Engineering, respectively. With this approved package, you select the builder and begin permitting right away eliminating the extensive lead-time required for approvals. Experience valuable time and hard cost savings. This is one of three available lots located less than one block from 5th Avenue S. You'll have world-class shopping, dining, and entertainment options right at your doorstep. You'll be just minutes away from the Gulf of Mexico beaches, where you can relax, soak up the sun and create cherished memories with friends and loved ones. Don't miss out on this incredible opportunity to create the home you've always dreamed of in the location you've always wanted.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017