706 BACKDROP
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 |
|---|---|---|---|
| Jul 16, 2025 | Sold | ||
| Sold | |||
| Jun 25, 2025 | In contract | - | |
| In contract | |||
| Apr 11, 2025 | Listed by Coldwell Banker D'Ann Harper | $175,000 | |
| Listed by Coldwell Banker D'Ann Harper | |||
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Tucked away in Timberwood Park this beautiful .064 acre piece of property is ready for building your home. Land has been partially cleared. 706 Backdrop is located on a quiet cul-de-sac street with just a few neighborhoods. Gentle slope with large mature trees offers you the opportunity to build your new home. Drive out and see what Timberwood Park has to offer you in the neighborhood. Schools include Timberwood Park Elementary, Peiper Ranch Middle School and Smithson Valley High School. Easy access to 281 or 1604 minutes from everything you need in the City while living out in the country. Timberwood Park boasts a 30 acre private park that inlcudes a 7 acre lake stock with fish with a catch and release program, 6 hole practice golf course, tennis courts, basketball court, volleyball court and water fun to include a kiddie splash pad/park and a junior size olympic pool. Come visit the property today.
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| Sep 25, 2024 | Sold | ||
| Sold | |||
| Aug 13, 2024 | Listed by Homecity Real Estate | $179,000 | |
| Listed by Homecity Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017