20 E Highway 9
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 |
|---|---|---|---|
| May 19, 2024 | No longer available | - | |
| No longer available | |||
| May 18, 2024 | Relisted | $475,000 | |
| Relisted | |||
| Mar 18, 2024 | In contract | - | |
| In contract | |||
| Dec 4, 2023 | Listed by Eufaula Lakeshore Realty | $480,000 | |
| Listed by Eufaula Lakeshore Realty | |||
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PERFECT COMMERCIAL LOCATION IN THE HEART OF LONGTOWN! 15.74 acres of prime commercial land close to everything - housing additions, Nine Marina, sandy beach, restaurants, entertainment, and the list goes on. Get in on the development happening now in Longtown. It would be a great long-term investment! Watch the area grow! (There is 4.26 acres that may be available in the near future that the buyer of the 15.74 acres would have the 1st right of refusal to purchase.) Call for more information and to talk!
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Address: 335 Madison Avenue, New York, NY 10017