1909 HAAS ROAD
About This Property
The property includes a working, top-of-the-line greenhouse equipped with heating and cooling systems, professional tables, and infrastructure needed to immediately operate a functional nursery. This is a turnkey setup for growers, investors, or entrepreneurs looking to establish or expand operations in a proven nursery area.
Additional greenhouses and structures are located on the property and convey as-is. A 3-bedroom, 2-bathroom mobile home also conveys with the sale in its current condition.
In nursery country, this is the buy - and it is priced to sell.
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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