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147 ROCKTOWN ROAD
About This Property
The owner previously explored a conceptual flex-space development (office/warehouse) and obtained supporting documentation for feasibility evaluation purposes only. Concept plans contemplated up to three buildings of approximately 10,000 square feet each, subject to all required municipal, county, and state approvals.
A soil report and feasibility study were commissioned by the owner and are attached with this listing for buyer review. These reports are believed to be accurate to the best of the owner's knowledge but are provided for informational purposes, and buyers are encouraged to conduct their own independent due diligence. A National Wetlands Inventory review indicated no mapped wetlands, though formal wetlands delineation and regulatory approvals have not been completed. The feasibility study also identified a potential location for storm water management based on existing topography.
The property is situated at the corner of a quiet road, suitable for a residential setting, while also offering visibility and access along a main highway should a commercial variance be pursued. Electric service is available at the property. Optional land clearing may be available at additional cost, or the property may be conveyed as-is. Buyer to perform all due diligence regarding development feasibility, utilities, environmental conditions, and approvals.
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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 |
|---|---|---|---|
| Jan 6, 2026 | Listed by Avallon Real Estate Group | $199,000 | |
| Listed by Avallon Real Estate Group | |||
| Nov 11, 2022 | Sold | ||
| Sold | |||
| May 25, 2021 | Listed by David DePaola and Company Real Estate | $50,000 | |
| Listed by David DePaola and Company Real Estate | |||
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Raw land comprised of 3.26 acres. This is an undersized, grandfathered lot in East Amwell's MTN zoning. Lot may be suitable for one home however offered strictly as-is with absolutely no representations as to what may or may not be developed on the property. Buyer responsible for all required municipal tests. Property backs to preserved farmland. Wetland Investigative report is available in listing documents.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017