2 Gay Road
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 26, 2024 | Sold | ||
| Sold | |||
| Apr 10, 2024 | Listed by Century 21 North East | $199,000 | |
| Listed by Century 21 North East | |||
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Two established building lots, Lots 5 and 6, each containing 1.61 acres and each with 200 feet of frontage. A third building lot consisting of 16.6 acres in the rear of Lots 5 and 6 accessible via an additional 135.62 feet of frontage for a total of almost 20 acres. Perc test was performed on Lots 5 and 6 in June of 2022. Please see plan attached under documents.
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| Dec 31, 2022 | No longer available | - | |
| No longer available | |||
| Jun 15, 2022 | Listed by Coldwell Banker Realty - Worcester | $210,000 | |
| Listed by Coldwell Banker Realty - Worcester | |||
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Country living at its best.Use your imagination for your what could be your private estate.Horses, stables possible and more.Two lots approved third lot needs to be perked.Easy access to most highways.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017