1311 Arnold Way
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 |
|---|---|---|---|
| Aug 13, 2013 | Sold | ||
| Sold | |||
| Jul 20, 2013 | Listed by Coldwell Banker West | $310,000 | |
| Listed by Coldwell Banker West | |||
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Alpines best kept secret!! Captivating surroundings take you to a place that you feel as though you are up in the mountains at a retreat, but you're in the middle of Alpine on apx 9 acres of tree studded land. The old homestead fireplace still stands towering in the trees built from rocks most likely from the property. This site would b perfect for outdoor entertainment area. There are 2 rock fireplaces, one which could offer fireside outdoor dining the other an area for outdoor kitchen or pizza oven! Alpines best kept secret!! Captivating surroundings take you to a place that you feel as though you are up in the mountains at a retreat, but you're in the middle of Alpine on apx 9 acres of tree studded land. The old homestead fireplace still stands towering in the trees built from rocks most likely from the property. This site would be perfect for outdoor entertainment area. There are 2 rock fireplaces, one which could offer fireside outdoor dining the other an area for outdoor kitchen or pizza oven. There are so many different sites on the property to build your custom estate or look into the options of developing this site. The property has city water, electricity and an old hand dug well. Frontage borders Arnold Way but entrance takes you up off of the street and you forget where you are. Don't miss this one of a kind parcel of land! WATER METER IN, ELECTRICTIY ON PROPERTY, PERC TEST COMPLETED MAY NEED UPDATE, NUMEROUS SHEDS, BUILDINGS FOR STORAGE OR? OLD HOUSE STILL THERE NOT LIVABLE Neighborhoods: ALPINE Other Fees: 0 Sewer: Perc Test Completed,Perc Update Needed
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| May 8, 2013 | Sold | ||
| Sold | |||
| Feb 18, 2013 | Listed by Keller Williams Realty | $249,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017