Lot 2 Squannacook 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 17, 2022 | Sold | ||
| Sold | |||
| Apr 20, 2022 | Listed by William Raveis R.E. & Home Services | $125,000 | |
| Listed by William Raveis R.E. & Home Services | |||
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A beautiful, mostly level lot on 4.86 acres of land awaits on scenic Squannacook Road, with frontage on the River. An old mobile home currently sits on the lot; it will need to be removed by the new owner, along with some other outbuildings and remnants. A 4-BR septic design by Ross Associates is available, and a proposal for the installation of the system is in the process of being prepared. Please review the attached documentation. This lot is in the process of being subdivided from #113 Squannacook Road. The house at that address is also available for sale on ~6 acres of land, MLS #72968658. To walk the land, please park along the road. To walk the trails along the river, please park in the designated parking area off Daniel Drive (to the left of the house at 113 Squannacook Road).
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017