Lot 1 Redstone Hill Road
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 |
|---|---|---|---|
| Dec 6, 2019 | Sold | ||
| Sold | |||
| Aug 20, 2019 | Listed by Sholan Realty | $150,000 | |
| Listed by Sholan Realty | |||
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PRICE REDUCED ! DON'T WAIT ! Frontage for two lots with good testing. The Land shape suggests a larger 5+ acre Home site towards the rear of the property with a longer driveway to a nice level field and very private site. Minimum lot size is 0.5 acre so that leaves a 1 acre + lot for the second site closer to the road with lower development costs. Zoning allows farming activities of various types on 5 acre parcels so the rear site could be a "Farm" with the potential of such. The major part of the rear wooded lot also has mature hardwoods. What a "wood lot" and all down hill to process! Create a home and farm business that harvests the potental of the property, all with Great privacy and Quiet neighbors. (remember the Historic Cemetery adjacent). The property also has the area to qualify for multi-family development per Sterling Zoning By-Laws. There are many great options and uses that could make this a real opportunity for You. What is any Lot worth in Sterling? This is a Deal ! !
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| Oct 30, 2006 | Sold | ||
| Sold | |||
| Mar 3, 2006 | Listed by MCA Properties | $479,900 | |
| Listed by MCA Properties | |||
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Here is the opportunity to buy a unique home at a great value. Inside features a oak turned staircase, large Eat in kitchen with angled bay overlooking a tall pine and oak tree wooded lot. Upstairs has 3 great sized bedroooms with a full bath in addition to the Master suite with a full bath, jacuzzi, and walk-in closet. To be built in an area among new homes by a top quality local builder. Less than 1 mile to the center of town and 2 miles to Rt. I 190 and Rt.2. Call for specs and details.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017