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9631 Maxroy Street
About This Property
Prime value-add opportunity in a rapidly developing pocket! Situated on an oversized lot, this property is the perfect handyman special and an investor's dream for those looking to renovate, reimagine, or potentially redevelop. The structure offers a solid starting point for a full makeover, addition, or rebuild-depending on your vision and strategy.
The expansive grounds provide flexibility for future plans, ample room for improvements, and excellent long-term potential. Whether you're seeking a flip, rental, or redevelopment project, this location and lot size make it a standout opportunity.
Property is being sold as-is, giving the next owner full freedom to design, upgrade, and maximize the property's potential.
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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 |
|---|---|---|---|
| Jul 6, 2026 | Price Decreased |
$199,000
↓ $10K
(4.8%) | |
| Price Decreased | |||
| Feb 4, 2026 | Price Decreased |
$209,000
↓ $1K
(0.5%) | |
| Price Decreased | |||
| Nov 22, 2025 | Listed by United Real Estate | $210,000 | |
| Listed by United Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017