20-46 BRIDGE AVE
About This Property
Agricultural does not just pertain to the growing of fruits and vegetables, but includes animals and plants, too! This land is ideal for goats, sheep, pigs and other farm animal or to raise agricultural animals and process the meat on site. In the event you did this your customer could pick it up or ship direct! The people want to buy direct from farmers.
YOU CANNOT BUILD HOUSES AS THIS IS NOT RESIDENTIAL GROUND. However, this is deemed an income producing property as there's Alfalfa grass currently planted which is serving as an adequate cover crop. If you were to have animals this makes for the perfect item to feed your animals (horses, cows, goats, sheep or pigs). If you need farm supplies, Tractor Supply is right down the road. Property taxes are super cheap at $420.00 a year. **DO NOT WALK THE PROPERTY WITHOUT PERMISSION. ALL PROSPECTIVE BUYERS MUST BE ACCOMPANIED BY AN AGENT.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 2, 2024 | Sold | ||
| Sold | |||
| Oct 22, 2023 | Listed by Crowley & Carr, Inc. | $149,900 | |
| Listed by Crowley & Carr, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017