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About This Property
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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%.
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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 |
|---|---|---|---|
| Oct 13, 2023 | No longer available | - | |
| No longer available | |||
| Sep 1, 2023 | In contract | - | |
| In contract | |||
| Aug 21, 2023 | Listed by B.A. Straight Real Estate | $71,500 | |
| Listed by B.A. Straight Real Estate | |||
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These two lots are being offered together and have a prominent location in the village center in the Hamlet of Jay. Together they are comprised of a 0.16 of property that is improved by a garage with a public water hook up and electric service already in place along with an additional 0.78 acre property that adjoins the garage for a total of 0.94 acres. This ideal location is perfectly suited for use as a business front that will allocate a high profile exposure to both area vacationers, through traffic and locals alike. Its additional 0.78 acres can become either a new home site overlooking your business or utilize the additional acreage for storage buildings and/or workshop. The Village Green is just across the road which is host to a variety of well attended events throughout the summer ranging from concerts in the park to the very successful Jay Day which is blossoming into a yearly event for local vendors and the popular annual 4TH of July celebration centered at the Fire Department just down the road. Within Walking distance of the historic Jay Covered Bridge and the East Branch of the Au Sable River the surroundings by themselves already establish a busy environment that any new venture will enjoy.
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| Nov 17, 2021 | Sold | ||
| Sold | |||
| Jun 10, 2021 | Listed by Glebus Realty Inc. | $69,000 | |
| Listed by Glebus Realty Inc. | |||
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Rare Find! Lake Champlain Lakefront Building Lot, 0.44 acres, 101' direct waterfront, town water available, electric, 100' rd ft. Close to all amenities in the town, Enjoy beautiful Lake Champlain for boating and fishing at it best.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017