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About This Property
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Each of the two platted lots is .29 acre, with up to 5,151 sq ft buildable structure and 5,790 impervious cover, per lot. New homes in this highly-desirable area have sold & are being built within 1/2 mile in $2 million - low $3 millions, up to 4,000 sq ft.
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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 |
|---|---|---|---|
| Oct 1, 2024 | No longer available | - | |
| No longer available | |||
| Sep 30, 2024 | Price Decreased |
$2,240,000
↓ $5K
(0.2%) | |
| Price Decreased | |||
| Jun 6, 2024 | Price Decreased |
$2,245,000
↓ $5K
(0.2%) | |
| Price Decreased | |||
| Apr 5, 2024 | Listed by Austin Livin LLC | $2,250,000 | |
| Listed by Austin Livin LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017