9659 2ND AVENUE
About This Property
Central air was installed in 2021. A second shed on the property has insulation and electrical already run, and both structures have been cleared out and are ready for work. No HOA, oversized lot, an ideal rehab opportunity with strong rental and primary home potential. Very central area, convenient to all major necessities. Wide-open possibilities for the right investor, or a homebuyer looking for a project to fix up over time.
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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 9, 2026 | Sold | ||
| Sold | |||
| Sep 25, 2026 | In contract | - | |
| In contract | |||
| Sep 16, 2026 | Listed by EXP REALTY LLC | $125,000 | |
| Listed by EXP REALTY LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017