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About This Property
The property is currently zoned residential (R), with potential for future commercial use subject to rezoning and approval by the appropriate governing authorities. The tract features mature trees and a mix of wooded and open areas, offering buyers the opportunity to explore possibilities for the property while taking advantage of its location and visibility.
Seller is unaware of the availability or location of utilities and makes no representation regarding utilities, easements, restrictions, access, development requirements, or suitability for any particular use. Buyer and buyer's agent to independently verify zoning, acreage, boundaries, utilities, easements, restrictions, access, intended use, and all development requirements.
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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 |
|---|---|---|---|
| Sep 21, 2026 | Listed by Graceland Real Estate | $220,000 | |
| Listed by Graceland Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017