8915 Erie ROAD
About This Property
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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%.
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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 |
|---|---|---|---|
| Oct 18, 2022 | Sold | ||
| Sold | |||
| Feb 18, 2022 | Listed by RE/MAX ALLIANCE GROUP | $1,050,000 | |
| Listed by RE/MAX ALLIANCE GROUP | |||
| Dec 15, 2021 | No longer available | - | |
| No longer available | |||
| Jul 5, 2021 | Listed by TURNING LEAF REALTY | $1,725,000 | |
| Listed by TURNING LEAF REALTY | |||
| | |||
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Development opportunity. 5 acres available for residential development. Near public utilities. dedicated road can be put in and can be split into several lots. Private residence is included in sale which is on well and septic. New middle school and high school is slated and close to other neighborhood developments The manager has listed the unit size as 1774 square feet.
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| Jun 28, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017