723 Hoffman Street
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 10, 2021 | Sold | ||
| Sold | |||
| Mar 13, 2021 | Listed by Realty Associates | $120,000 | |
| Listed by Realty Associates | |||
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Opportunity knocks! Here's your blank slate, perfect for a renovation loan, to make this your home as you want your floor plan. Follow the open concept from the cozy kitchen to the living room and dining room. Or follow the original floor plan configuration. This oversized lot would allow construction in the back: a garage apartment or two, is perfect for the 6,250 square foot lots. A great value for someone looking for a rental project. Come and see!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017