7
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215B Melius Road
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 25, 2026 | Listed by W. Raveis Lifestyles Realty | $1,195,000 | |
| Listed by W. Raveis Lifestyles Realty | |||
| Apr 24, 2026 | Listed by W. Raveis Lifestyles Realty | $495,000 | |
| Listed by W. Raveis Lifestyles Realty | |||
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10+ acres with 2 large hay fields and long eastern views. Driveway approved and health dept approval for 5 bedroom house. Final septic design required. Seller is one of areas finest builders to work with partner architectural firm for possible design/build scenario. Fabulous land, possible to buy contiguous lot(s) with 2 additional hay fields or large forest tracts and views. Major compound potential. Very near town center, Lake Waramaug, Mohawk Mtn and hiking trails. Taxes TBD.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017