8516 Woodstone DR
About This Property
The property is ready for fresh eyes and a cosmetic facelift, offering a solid starting point for updates and improvements.
Please note: the property backs to railroad tracks. Based on general understanding and prior listings in the area, the rail line primarily serves commuter trains during weekday business hours and Saturdays. A freight train may pass through minimally during an early morning hour. Seller has not occupied the property and does not have specific information regarding train schedules or frequency. Buyer to independently verify all details and conduct their own due diligence.
Offered as an estate sale and being sold as-is.
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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 16, 2026 | Delisted | - | |
| Delisted | |||
| Sep 13, 2026 | In contract | - | |
| In contract | |||
| Jul 28, 2026 | Price Decreased |
$309,000
↓ $6K
(1.9%) | |
| Price Decreased | |||
| May 2, 2026 | Price Decreased |
$315,000
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Apr 7, 2026 | Price Decreased |
$325,000
↓ $25K
(7.1%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017