20
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0 Route 242
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 |
|---|---|---|---|
| Sep 9, 2026 | Listed by Conley Country Real Estate & Insurance | $300,000 | |
| Listed by Conley Country Real Estate & Insurance | |||
| Jul 24, 2026 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Sold | ||
| Sold | |||
| Jun 27, 2025 | Listed by Century 21 Farm & Forest | $390,000 | |
| Listed by Century 21 Farm & Forest | |||
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This nearly 7-acre lot sits directly across from the main entrance to Jay Peak Resort—offering visibility and steady traffic from visitors heading to the mountain year-round. Whether you are looking for a gorgeous spot to build your new home or a commercial enterprise, this property is packed with potential to make your vision a reality. The lot offers Jay Branch Brook frontage along the entire back border and abuts state land on the west side, creating a natural buffer and beautiful setting. This surveyed parcel provides flexibility for your plans (conditional use permit from the town required). Enjoy being just steps from the Long Trail, Jay Peak Athletic Fields, and endless outdoor recreation. If you’ve been looking for a highly visible, high-traffic location to bring your business dreams to life, this is it!
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| Jun 7, 2021 | Listed by Sherwood Real Estate | $199,900 | |
| Listed by Sherwood Real Estate | |||
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At the top of a nice hill in Jay exists a nice large 25-acre lot of wooded lot, great for recreational and hunting use. A Legal ROW must be obtained to access this land as it appears land locked! Nearby is Jay Peak Resort, with indoor and outdoor adventures. Exceptional indoor water park and indoor skating rink are exciting places to stop by for a little fun! Outdoor activities are not lacking in these parts; on a normal basis you could be hiking on the long trail, skiing on slopes that make their own snow, fishing in one of the nearby rivers, snowmobiling on the back-roads, and just kicking back and enjoying all that Mother Nature has to offer. The mountain experience isn't for everyone, but it's an amazing place to call home, even if only seasonally. Surroundings are filled with friendly people and green landscapes! Less than half hr to all amenities in Newport City including shopping, boating at the lake, and North Country Hospital.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017