902 Herder Avenue
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%.
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 |
|---|---|---|---|
| Mar 21, 2024 | Sold | ||
| Sold | |||
| Mar 20, 2024 | In contract | - | |
| In contract | |||
| Sep 26, 2023 | Listed by Bubela Real Estate | $57,500 | |
| Listed by Bubela Real Estate | |||
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Are you searching for the perfect location to build your dream home or investment property? Look no further! We are thrilled to present an exceptional real estate opportunity--two adjoining lots (902 Herder Ave. & 120 Simpson St.) being sold as one, complete with city electricity and city sewer access. Situated in a prime corner location inside the city limits, this property offers a plethora of advantages that make it a truly remarkable find. This property has been soil tested. Soil testing is a critical step in evaluating the quality of the land. The process involves collecting soil samples from various locations on the site analyzing them for several key factors. These tests assess the soil’s composition, texture and pH levels, nutrient content, and drainage capabilities. The land was drilled 20 feet deep and pulled a 4-inch diameter core sample up for evaluation. This is extra helpful to any foundation for building. The soil drill core test reports will be included with the offer.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017