1 Millbury Boulevard
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%.
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 18, 2018 | Sold | ||
| Sold | |||
| Apr 19, 2017 | Listed by Regents New England Real Estate | $750,000 | |
| Listed by Regents New England Real Estate | |||
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Here is a tremendouls opportunity for anyone looking for great visibility! This land is visible from the Interstate and is also right by the main road in Oxford. This parcel is perfect for a big box store, mall, resturants, apartment complex facility or a housing development! This size land is rarely available right in town! The property used to be a very popular local driving range previously. Currently the land is mostly cleared and has not been utilized. There is a nice access point off of Millbury Boulevard. The land goes right up behind the Cell tower all the way to Interstate I-395 so it has excellent visibility from the highway and from town as well. The land is high and dry land and does not seem to have any wetland issues. Perfect opportunity for it's new owner with the vision to see their project through to completion.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017