710 S Emerald Ave
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 4, 2025 | Sold | ||
| Sold | |||
| Jun 19, 2025 | In contract | - | |
| In contract | |||
| Dec 20, 2024 | Listed | $799,000 | |
| Listed | |||
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Zoned for 16 units! This property at the corner of S.Emerald and California is a great location for a multi-family dwelling structure. Currently there are two structures on the property. These buildings have been used as rental properties and significant structural improvements are needed to bring them up to code. The property is better suited for new construction (apartment complex, commercial space, townhouse/condo, etc.). This property consists of 1.16 acres located across the street from a middle school. Great opportunity, located close to Highway 132 in an older family-oriented neighborhood.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017