66 Paffendorf Drive
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 14, 2025 | Sold | ||
| Sold | |||
| Jun 28, 2025 | In contract | - | |
| In contract | |||
| Jun 2, 2025 | Listed by John J Lease REALTORS Inc | $199,000 | |
| Listed by John J Lease REALTORS Inc | |||
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|
Calling All Investors, Visionaries & Brave Hearts!
Sitting atop a hill in a prime location, this 3-bedroom, 1 full and 2 half bath Colonial offers over 2,000 square feet of potential — but it needs everything. Built in 1875, this home is a full gut renovation waiting to happen.
The layout is spacious, and the property includes a garage and extra storage space. It’s located just minutes from the New York State Thruway, bridges, restaurants, and shopping — making this a rare opportunity for those ready to roll up their sleeves. Sold “as is, Where is”
Cash Only.
This is not for the faint of heart — but if you’ve got the vision and the grit, this could be your next great project.
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| Apr 1, 2025 | No longer available | - | |
| No longer available | |||
| Mar 28, 2025 | Relisted | $390,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017