Tbd Gregson
About This Property
One of the standout features of this property is its flat topography. With no significant slopes or irregularities, construction and landscaping should be relatively straightforward, minimizing additional costs and efforts associated with land preparation. The even terrain provides a blank slate, allowing for flexible architectural designs and maximizing the use of the available space.
The lot spans an impressive 6000 square feet, providing ample room for your construction plans. This generous size allows for various possibilities! You'll have the freedom to create a space tailored to your specific needs and aspirations.
Utilities such as electricity, and sewer connections are typically available in this centrally located area, further streamlining the building process. (Please note that it is advisable to conduct due diligence to confirm the availability and connection points of these services.)
Don't miss out on this exceptional opportunity to secure a vacant lot with such favorable characteristics. Take advantage of its central location, flat topography, and the freedom it offers for your construction dreams. Contact me today to schedule a viewing or to request additional information. I look forward to assisting you in making this vacant lot the foundation of your future endeavors!
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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 |
|---|---|---|---|
| Aug 11, 2023 | No longer available | - | |
| No longer available | |||
| Jul 9, 2023 | In contract | - | |
| In contract | |||
| Jun 18, 2023 | Listed | $45,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017