1615 Barr Road
About This Property
Spanning both sides of a rural road just north of the Pennsylvania line, the property carries the unmistakable character of a former farm. Fields once worked and maintained have softened with time, giving way to young growth, brushy edges and scattered openings framed by oak, maple and mixed softwoods. Beneath that natural succession remains a landscape with structure-ground that could be reclaimed, reshaped and put back to work.
The north parcel holds much of the acreage, with an established access road winding well into the property and providing a strong foundation for future improvements. Hardwood stands transition into thicker cover and small woodland openings, creating a varied setting for recreation, habitat work, trails, food plots or renewed agricultural use. With some clearing and thoughtful management, the property has the ingredients to evolve dramatically.
Across the road, the farmhouse offers another opportunity for transformation. The home needs substantial renovation, but its solid bones provide a starting point for someone willing to roll up their sleeves and restore a country home surrounded by acreage. A second house on the north side is considered a teardown, with an existing well and possible septic system that could prove useful depending on future plans and verification.
Reclaim the fields. Open the woods. Restore the farmhouse. Build trails, manage habitat or explore a new direction for the land. Approximately 50 acres, existing access and infrastructure provide the raw materials; imagination and effort can shape what comes next.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017