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8181 61ST LANE N
About This Property
Adjacent vacant 60x90 lot available separately. Opportunity for three side-by-side new construction homes. Ideal for builders, developers, and investors bring your vision and unlock the full potential of this prime property! Don't miss this unique chance to create something exceptional. Opportunities like this are becoming increasingly hard to find. Buyer to conduct all due diligence regarding zoning, lot split approval, utilities, and building requirements.
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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 |
|---|---|---|---|
| Jun 16, 2026 | Listed by CHARLES RUTENBERG REALTY INC | $371,998 | |
| Listed by CHARLES RUTENBERG REALTY INC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017