34
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17 Forest
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 |
|---|---|---|---|
| Nov 6, 2026 | Price Decreased |
$399,000
↓ $66K
(14.2%) | |
| Price Decreased | |||
| Oct 23, 2026 | Price Decreased |
$465,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Oct 7, 2026 | Listed by RE/MAX Synergy | $470,000 | |
| Listed by RE/MAX Synergy | |||
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VILLAGE COMMERCIAL OPPORTUNITY IN THE HEART OF HISTORIC HANCOCK! Beautiful home offers a unique combination of location, character, visibility and flexibility within Hancock's Village Commercial District. Currently used as a spacious 4-bedroom, 2.5-bath residence, this distinctive property presents an exciting opportunity for an owner-occupant, entrepreneur, investor or business seeking a quintessential New England village setting. Single-family and two-family dwellings are permitted uses, along with home occupations subject to applicable standards. The ordinance also provides pathways, subject to the required town approvals, for uses including home-based business, bed & breakfast, multifamily housing, hotel/inn, restaurant, retail establishment and business offices, creating an unusually broad range of possibilities for the right buyer. The property itself offers substantial and versatile interior space with multiple rooms that could lend themselves to offices, meeting areas, retail/display space or continued residential use. The main level features generous living and dining rooms, an updated kitchen, additional den/sunroom space and 2.5 baths throughout the home. Beautiful wood floors, abundant natural light and classic architectural details provide a warm alternative to conventional commercial space. A newly finished third floor further expands the property's flexibility, offering a large open area well suited for studio, office, creative, meeting or additional living space. Outside, the property offers an elevated deck, two-tier yard and the added privacy of abutting conservation land, an exceptional backdrop for a property located within the village. Its Forest Road location places it within walking distance of Hancock's historic village center, Norway Pond
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| Sep 18, 2026 | Price Decreased |
$470,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Jun 29, 2026 | Price Increased |
$475,000
↑ $75K
(18.8%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017