5
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TBD Cherry
About This Property
Two adjoining improved lots located on a quiet cul-de-sac inside city limits. Property includes a storage shed and has city water, sewer, and electric available at the road for easy hookup.
Ideal for a small build, investment hold, or placing a manufactured home.
Neighboring home is also for sale and can be bundled together for a larger homesite or multi-property investment.
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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 30, 2026 | In contract | - | |
| In contract | |||
| Jul 17, 2026 | Listed by Coldwell Banker Apex, REALTORS | $15,000 | |
| Listed by Coldwell Banker Apex, REALTORS | |||
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Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
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Last Updated: 4 months ago
Data Source: NTREIS MLS, MLS# 21334277
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017