121 State Highway 224
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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 |
|---|---|---|---|
| Apr 7, 2022 | Sold | ||
| Sold | |||
| Dec 6, 2021 | Listed by Chapin Real Estate | $250,000 | |
| Listed by Chapin Real Estate | |||
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SELLING 121 AND 125 HWY 224. TWO LOTS TAX ID # 38673 AND 38678. SIZE OF BOTH LOTS TOGETHER .65 ACRES. BOTH BEDROOMS HAVE BATHS AND THERE IS A HALF BATH FOR GUEST. BEAUTIFUL REMODEL AND UPGRADES. NEW PLUMBING, ELECTRICAL, AIR-CONDITIONING AND HEATING UNIT, AND FOUNDATION. HOME WAS TAKEN BACK TO THE STUDS AND COMPLETELY REBUILT. SHOP IS 900 SQUARE FEET PERFECT FOR YOUR SPECIAL PROJECTS. EXTRA LOT HAS SEWER HOOK UP, WATER AND ELECTRICAL WHERE MOBILE HOME WAS REMOVED. BUYER MUST VERIFY WITH CITY IF THEY WANT TO PUT ANOTHER MOBILE HOME THERE.
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| Nov 30, 2020 | Sold | ||
| Sold | |||
| Aug 25, 2020 | Listed by Chapin Real Estate | $94,500 | |
| Listed by Chapin Real Estate | |||
| Aug 20, 2020 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017