0 ORMSBY Circle
About This Property
- Waterfront property zoned RMDE, 20 units per acre.
- +/- .8 of a acre on Cedar River and over 400' of bulkhead on water.
- Soil boring test completed, analysis is good - docs to be provided.
- Phase Enviro, no issues.
- Warranty deed from adjacent prop to the east will be shared with new owner providing for up to 10 sewer connections to existing lift station.
- COJ approved 10 set for construction of a 9 unit condo/townhome development on property.
- Concurrency on file with COJ.
- Bulkhead permit applied for with SOF and approved for renewal of existing.
- Single dock also approved by SOF.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jul 2, 2021 | Sold | ||
| Sold | |||
| Feb 11, 2021 | Listed by UNITED REAL ESTATE GALLERY | $410,000 | |
| Listed by UNITED REAL ESTATE GALLERY | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
Similar Homes for Sale
Currently no similar homes around
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1095431
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017