0 Ernest Smith Road
About This Property
hike up an elevation to 1600' and enjoy the fantastic views of Schroon Lake. Marketable timber, short drive to public beach in Adirondack, tennis and basketball courts for your enjoyment.
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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 |
|---|---|---|---|
| Feb 22, 2023 | Sold | ||
| Sold | |||
| Dec 29, 2022 | Sold | ||
| Sold | |||
| Dec 29, 2022 | Listed by Glebus Realty Inc. | $175,000 | |
| Listed by Glebus Realty Inc. | |||
| | |||
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151 Acres consisting of 2 lots , acreage borders state land, This recreational parcel
offers hiking, snowmobiling, hunting and much more. Short drive to Horicon town beach on Schroon Lake.
| |||
| Nov 16, 2022 | Listed by Glebus Realty Inc. | $175,000 | |
| Listed by Glebus Realty Inc. | |||
| Apr 30, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017