827 Erwin Road
About This Property
The layout provides usable ground with room to spread out-ideal for a homesite, shop, animals, or future plans you've been thinking about. With easy access to town but still offering that quiet, open feel, it strikes a balance that's hard to find.
Utilities and access make this property practical, while the surrounding area keeps it peaceful and private. No need to overcomplicate it this is good land, in a good location, at a price point that's getting harder to find.
If you've been waiting for the right piece of land to come along, this is one worth walking.
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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 |
|---|---|---|---|
| May 1, 2026 | Sold | ||
| Sold | |||
| Apr 2, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2026 | Listed by The Platinum Group RE, LLC | $149,000 | |
| Listed by The Platinum Group RE, LLC | |||
| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
| Sep 16, 2025 | Price Decreased |
$169,900
↓ $10K
(5.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017