706 SE 3RD STREET
About This Property
The home can be used as a primary residence or rental property while the adjacent lots provide room for expansion, development, or long-term investment. Buyers may choose to purchase the home on its own or explore the full package for greater overall potential.
Conveniently located near area amenities, shopping, dining, schools, and major roadways.
Buyer and buyer's agent are responsible for verifying zoning, land use, building requirements, utilities, lot dimensions, property condition, and all development possibilities with the city/county.
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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 |
|---|---|---|---|
| May 6, 2026 | Listed by LPT REALTY, LLC | $285,000 | |
| Listed by LPT REALTY, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017