96 Oak STREET
About This Property
The lot has already been cleared, and all necessary preparations have been made to ensure that the land is ready for immediate development. Seller also can include available, engineered set of building plans.
A well has been installed on the site, providing a chemical free source of water for the property. Additionally, all impact fees have been paid, meaning that the land is fully permitted for construction. Electric power has also been brought to the site, making it easy to connect power lines to any home or structure that is constructed here.
One of the most striking features of this lot is the presence of beautiful Oak trees that dot the landscape, providing natural shade and creating a picturesque setting for any future development. These trees can be preserved or removed, depending on the preference of the buyer.
This two-acre lot is a rare find and offers endless possibilities for those looking to build in this highly desirable location.
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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 |
|---|---|---|---|
| Nov 22, 2023 | Sold | ||
| Sold | |||
| Oct 12, 2023 | In contract | - | |
| In contract | |||
| Oct 1, 2023 | No longer available | - | |
| No longer available | |||
| Sep 2, 2023 | Price Decreased |
$169,900
↓ $15K
(8.1%) | |
| Price Decreased | |||
| Jun 8, 2023 | Price Decreased |
$184,900
↓ $5K
(2.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017