187 Route 537
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 |
|---|---|---|---|
| Jun 5, 2024 | Sold | ||
| Sold | |||
| Feb 16, 2022 | No longer available | - | |
| No longer available | |||
| Feb 14, 2022 | Listed by Colts Neck Realty | $725,000 | |
| Listed by Colts Neck Realty | |||
| Jun 4, 2021 | Listed by Colts Neck Realty | $975,000 | |
| Listed by Colts Neck Realty | |||
| | |||
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2.75 acres with 266 ft of frontage on Route 537 and 297 ft frontage on Heyers Mill Rd. There are Excellent Subdivision Possibilities! Property has two driveways - one on each road. Check with listing agent for the possibilities. The colonial home on this property is over 100 years old. There is a detached 3 car garage and storage shed. Oil tank removed from the ground. Fuel natural gas. Also, Zoned Commercial. The manager has listed the unit size as 2415 square feet.
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| Apr 15, 2021 | Relisted | $975,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017