715 Park Lane
About This Property
They say that the Phat to successful Real Estate investing is "Location, Location, Location," and this property certainly checks all the boxes. It is in a prime location and offers affordability and a chance to build equity on your investment from day one. This property is being sold as is, meaning you can purchase it at a great price and make it your own; the price has been set to sell quickly. Please note that No credit or repairs will be entertained
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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 22, 2024 | Sold | ||
| Sold | |||
| Jul 17, 2024 | Listed by SAFE INVESTMENT REALTY GROUP | $499,000 | |
| Listed by SAFE INVESTMENT REALTY GROUP | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017