215 S ROUTE 73
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.
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 |
|---|---|---|---|
| Jul 7, 2021 | Sold | ||
| Sold | |||
| Nov 23, 2020 | Listed by Century 21 Reilly Realtors | $425,000 | |
| Listed by Century 21 Reilly Realtors | |||
| Nov 17, 2020 | No longer available | - | |
| No longer available | |||
| Nov 25, 2019 | Listed | $650,000 | |
| Listed | |||
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32.25 Acres (Contiguous) TWO MAJOR ROAD FRONTAGES! Winslow Township. 1,000 feet of frontage on eastbound Route 73. Over 883 feet of frontage on Blue Anchor Road (aka Winslow Road). Even Better... there's public sewer at the property. The zoning is the favorable PR-6. This zoning allows for major residential development and also allows for major commercial development. The PR-6 (Residential) allows for 1 home on 1 acre providing the property is serviced by public sewer, which this property is serviced with public sewer. The huge 32.25 acres also allows for major commercial development, possible uses commercially would be for major office building(s), hospital, hotel, retail and service establishments, warehouse, agriculture, farm market, and a host of others. The value is predominately in the land, however there is a very special house located on the property that served as the family homestead for many generations. The house and its out buildings are being sold strictly as as with the seller doing no repairs. The house is 1,768 square feet and and is livable. It has 4 bedrooms and 1 bath. Approximately half of the acreage is open farmland (hay) and the other half is wooded. The property is under farmland assessment. Any rollback taxes associated with the purchase of this property will be the responsibility of the buyer. This is a tremendous opportunity to build something big with two major road frontages. Call Today.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017