2075 Route 22
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 |
|---|---|---|---|
| Oct 28, 2024 | Sold | ||
| Sold | |||
| Jul 9, 2023 | Listed by Coldwell Banker Realty | $64,500 | |
| Listed by Coldwell Banker Realty | |||
| | |||
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2075 Route 22 in Patterson with a Post Office of Brewster which is 13.6 Acres is now for sale. The front of the property is Commercial but approximately 8+ acres in the back is residential. There also is a Bill Board on the property that generates approximately $2,500-$3,000 a year. Owner says this can be removed. There is road frontage also on Old Road. "A portion of the property, representing a 75 foot radius area around the existing billboard(s), which are located near the roadside, is subject to an advertising lease which either party has the right to terminate said lease after July 1, 2024. Tenant has a right of first refusal for any offers presented to the landlord for the use or purchase of all or any portion of the property."
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| Jul 7, 2023 | No longer available | - | |
| No longer available | |||
| May 2, 2023 | Relisted | $79,000 | |
| Relisted | |||
| Jan 11, 2023 | In contract | - | |
| In contract | |||
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