9
Map
8 W Funston Avenue
About This Property
An exceptional opportunity to build in the heart of Spring Valley! This shovel-ready lot comes with approved plans for a beautiful front and back development – see attached architectural renderings. Whether you're a developer or end-user, this is a rare chance to start building immediately in one of the area's most desirable neighborhoods.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 18, 2026 | Sold | ||
| Sold | |||
| Mar 21, 2026 | In contract | - | |
| In contract | |||
| Jan 3, 2026 | In contract | - | |
| In contract | |||
| Dec 3, 2025 | Relisted | $1,125,000 | |
| Relisted | |||
| Dec 2, 2025 | Price Decreased |
$1,125,000
↓ $50K
(4.3%) | |
| Price Decreased | |||
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