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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 |
|---|---|---|---|
| Sep 11, 2026 | Price Decreased |
$4,900,000
↓ $500K
(9.3%) | |
| Price Decreased | |||
| Jun 5, 2026 | Listed by Kuper Sotheby's Int'l Realty | $5,400,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
| Apr 11, 2022 | No longer available | - | |
| No longer available | |||
| Mar 27, 2022 | In contract | - | |
| In contract | |||
| Feb 3, 2022 | Listed by eXp Realty-Absolute Charm Real Estate Group | $850,000 | |
| Listed by eXp Realty-Absolute Charm Real Estate Group | |||
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Located within the exclusive, gated Falcon Ridge Development subdivision located just 12 miles from Fredericksburg and 14 miles to Kerrville. This 33 acre tract has beautiful sloping terrain with native grasses, Oak, Hardwood Cherry and Walnut trees. Cedar has been cleared and the property is now fully fenced. Underground electricity & 25 GPM well are in place. Wildlife tax exemption is also in place. Property is ready for you to pick your homesite and start building. One of the home sites has long range views back into downtown Fredericksburg.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017