14 Morris 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 |
|---|---|---|---|
| Jul 3, 2024 | Sold | ||
| Sold | |||
| Jan 30, 2024 | In contract | - | |
| In contract | |||
| Jan 9, 2024 | Listed by Keller Williams Valley Realty | $1,199,000 | |
| Listed by Keller Williams Valley Realty | |||
| | |||
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We're thrilled to announce a rare opportunity at 14 Morris Rd in the highly desirable Spring Valley area. This property is currently on the market primarily for its land value. Featuring R2 zoning, it presents a fantastic chance for the next owners to build stunning side-by-side condominiums. Take a moment to envision the potential of this flat, expansive land, perfectly suited for crafting the residence of your dreams. Whether you're an investor looking to capitalize on the booming condo market or a future homeowner seeking to create a bespoke living space, this property offers an unparalleled canvas. Seize this chance to transform 14 Morris Rd into a modern living haven in one of the most sought-after locations. Don't miss out on the opportunity to make your mark in Spring Valley!
| |||
| Oct 9, 2023 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 26, 2023 | Listed by World Prop Intl Sea to Sky | $1,300,000 | |
| Listed by World Prop Intl Sea to Sky | |||
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About Spring Valley
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Currently no similar homes aroundNearby Rentals
$2,650 /mo
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- 1 Bath
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$4,300 /mo
- 5 Beds
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- 3,615 ft²
Data Source: OneKey MLS
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Address: 335 Madison Avenue, New York, NY 10017