1 Mayhew Turnpike RT. 3A
About This Property
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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.
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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 |
|---|---|---|---|
| Jun 16, 2023 | Sold | ||
| Sold | |||
| May 22, 2023 | No longer available | - | |
| No longer available | |||
| Nov 7, 2022 | Listed by Keller Williams Realty-Metropolitan | $261,950 | |
| Listed by Keller Williams Realty-Metropolitan | |||
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Here's a beautiful and versatile parcel waiting for you just 5 minutes from Newfound Lake! Beautiful, since it features some gentle and some dramatic slopes, picturesque granite outcrops, a lazy brook winding through some of its wooded recesses, and enough elevation to provide some lovely views (if one were to do a little clearing). Versatile because, although it straddles the Plymouth and Hebron town line, the zoning ordinances in the towns allow quite a few uses, including variously agricultural, residential, multifamily, retail and office, light industrial, logging, cluster development, hotel/motel, and a few others. And of course the whole area is perfect for recreation: Newfound Lake is on one side and Tenney Mountain Resort ski area is on the other, and you're not far from Rumney Rocks Climbing area, Plymouth State University, and the gateway to the Lakes Region and White Mountain region. Come build your dream home--a luxury log cabin? multigenerational compound?--or fire up your development imagination and bring your own vision to this property. A conceptual plan for a cluster development was created two years ago and is available in the documents. The Hebron acreage is already out of Current Use, and the owner would have resident access to the sugar sand beach on Newfound Lake. THIS PARCEL IS OFFERED ONLY IN CONJUNCTION WITH MLS# 4936253. Price is for the combined 87 acres.
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| Feb 19, 2015 | Sold | ||
| Sold | |||
| Aug 21, 2014 | Listed by Granite Group Realty Services | $24,900 | |
| Listed by Granite Group Realty Services | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017