60
Map
21 Nickerson
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%.
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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.
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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 14, 2026 | Listed by Preferred Properties | $650,000 | |
| Listed by Preferred Properties | |||
| Jun 16, 2025 | Listed by Preferred Properties | $875,000 | |
| Listed by Preferred Properties | |||
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Amazing development opportunity on 34+/- acres located in the beautiful town of Brandon, VT. Strategically located between the Middlebury and Rutland employment areas, this lot could provide the much-needed housing expansion. Zoned primarily High-Density Multi-use with minimum lot size of 1/5th acre. The town confirmed that this lot will be in the new Tier 1B Act250 exempt area when implemented, greatly reducing permitting issues. Both municipal water and sewer are available on the frontage and the town has indicated with allocation letters that there is plenty of capacity. Power and high-speed internet on the frontages. Access to be via Carver St or Nickeson Rd so no state highway permit will be required. The property offers amazing mountain views, to the west from the ridgeline (with clearing), and to the southeast from the open bowl area (existing views). Teir 1B allows for up to 50 units, most if not all could have wonderful views. The revitalized Brandon downtown offers casual and fine dining, supermarket, shopping, and community health center. We have found the town officials excited about a housing development and extremely helpful. The seller says bring all opportunities and offers, they want to make this work for the community.
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| May 10, 2020 | No longer available | - | |
| No longer available | |||
| Mar 9, 2020 | Relisted | $750,000 | |
| Relisted | |||
| Mar 7, 2020 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017