700 W 2nd Street
About This Property
This cleared, flat lot offers exceptional potential in a rapidly growing area. Located just half a mile from downtown Taylor and only 4 miles from the new Samsung facility, this property is ideally positioned for a variety of commercial ventures. With its ready-to-build condition and strategic proximity to key local developments, it provides a rare opportunity to secure a valuable piece of land in one of the most promising communities in the region. Don't miss out on this chance to invest in the future of Taylor!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 9, 2025 | Sold | ||
| Sold | |||
| Apr 17, 2025 | In contract | - | |
| In contract | |||
| Mar 19, 2025 | Price Decreased |
$135,000
↓ $25K
(15.6%) | |
| Price Decreased | |||
| Feb 10, 2025 | Listed by Douglas Elliman Real Estate | $160,000 | |
| Listed by Douglas Elliman Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017