19 Forster
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 8, 2021 | Sold | ||
| Sold | |||
| May 30, 2019 | Listed by J. Barrett & Company | $790,000 | |
| Listed by J. Barrett & Company | |||
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Rare opportunity to develop probably the only remaining 4 acre lot that is a 5 minute walk to downtown, yet in a rural private setting. This wooded lot has some gorgeous large mature trees that could be featured in the new landscape plan. The level build site provides the ability to create a gracious estate with a couple options for the building site. There is potential to create a sprawling estate with an expansive lawn area. Beautiful ledge outcroppings and forest paths help to maintain the feel of the natural surrounding. BOH approved six bedroom septic system design ready to go. Forster road is a private road with and annual HOA $400 fee for road maintenance. Town plows and provides trash pick up. Don't miss this once in a lifetime opportunity to build your dream home amongst other notable and significant properties! Accompanied showings only. Please no trespassing on the shared driveway!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017