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About This Property
This 2.25 acre lot is located off Princeton Ave on a quiet dead-end street-one of the few remaining parcels of its size in the area.
The property is mostly cleared and currently includes an existing custom cape with a detached two car garage, both of which are the buyer's responsibility to remove.
Electric, Public Water and Sewer are already available. Please note there is No Gas service on the street.
Don't miss the chance to build your dream home or develop in a highly desirable and private location!
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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 |
|---|---|---|---|
| Jun 13, 2026 | Price Decreased |
$1,500,000
↓ $500K
(25%) | |
| Price Decreased | |||
| Apr 8, 2026 | Listed by Crossroads Realty, Inc. | $1,999,999 | |
| Listed by Crossroads Realty, Inc. | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
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Last Updated: 5 months ago
Data Source: MOMMLS, MLS# 22609481
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017