93 Tenney Street
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 |
|---|---|---|---|
| Oct 1, 2023 | No longer available | - | |
| No longer available | |||
| Jul 5, 2023 | Relisted | $260,000 | |
| Relisted | |||
| Jul 1, 2023 | No longer available | - | |
| No longer available | |||
| Apr 2, 2023 | Listed by Pasciuto and Associates | $1,399,000 | |
| Listed by Pasciuto and Associates | |||
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The combination of the property's size, zoning, and location makes it an ideal investment opportunity for anyone looking to develop a Light Industrial property. The fully permitted 11,700 sq.ft building with high ceilings is a significant advantage, as it allows a ready-to-build facility that can save time and money in construction. The easy access to US-I95 is a major benefit, as it provides quick and convenient transportation for both goods and people. Additionally, the Light Industrial zoning provides flexibility for a wide range of potential uses, including Cannabis-related businesses. It's important to note that this would require a special permit from the local zoning board of appeals. However, for businesses that are willing to invest the time and resources necessary to obtain the necessary permits and approvals, the potential for growth and profitability in the Cannabis industry can be significant. A cannabis infusion facility already exists in the area and the IB Zone.
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| Apr 15, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017