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Block 881 - Lot 2 ROUTE 50
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 7, 2026 | Listed by Daunno Realty Services LLC | $199,000 | |
| Listed by Daunno Realty Services LLC | |||
| Aug 4, 2023 | Sold | ||
| Sold | |||
| Jun 13, 2023 | In contract | - | |
| In contract | |||
| May 6, 2023 | Price Decreased |
$39,900
↓ $9K
(18.4%) | |
| Price Decreased | |||
| Jul 28, 2021 | Listed by Joe Wiessner Realty LLC | $48,900 | |
| Listed by Joe Wiessner Realty LLC | |||
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12.67 Acres Mays Landing. A gorgeous rural setting. Some of the leg work has already been done. Legendary Surveyor Herb Neilio and side-kick Engineer Jack Plasket did the wetlands delineation, survey, and plot plan. These two Great Americans have passed away but their good work can be carried on by you. This plan was never submitted to Hamilton Township Planning Board. You can see pictures of the plans in this listing. It looks very promising that two buildable lots are possible out of the parcel. The lot is in the RD-5 Zone Hamilton Twp - Mays Landing. The requirement is 1 house on every 5 acres. The design circumvents the wetland allowing for picturesque lots. It will up to the Buyer to submit a plot plan to Hamilton Twp if the Buyer wants to attempt to subdivide. Or the Buyer can build just 1 home. Either way the property will go to settlement once a Zoning permit is issued by the Township. The Buyer will be given a 30 day Due Diligence Period. Buyer shall be solely responsible for incurring the costs for any and all approvals, purchases, and permits required to develop the property. Buyer shall make application to the Hamilton Twp and NJ Pinelands Commission (within 10 calendar days of the agreement of sale being ratified). Take advantage of this rare opportunity to keep your family close. Remember: Nothing Ventured - Nothing Gained. Call Today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017