219 Dennis Road
About This Property
The recently built Concrete Slabbed Shop is heavily spray foam Insulated and Heated with a wood burning stove. Shop has two roll-up doors and one walk thru door and is professionally wired and plumbed, including a water heater. Shop can be used for multiple uses and is currently being used to house FFA animal projects. This amazing property is actually TWO LOTS which allows many options since all the current structures (improvements) are on one lot. The additional lot may possibly be used for additional space, buffer from neighbors property, new home site, etc.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 12, 2024 | Sold | ||
| Sold | |||
| Jun 20, 2024 | In contract | - | |
| In contract | |||
| Jun 5, 2024 | Relisted | $456,995 | |
| Relisted | |||
| Jun 1, 2024 | No longer available | - | |
| No longer available | |||
| Dec 3, 2023 | Listed by CLARK REAL ESTATE GROUP | $456,995 | |
| Listed by CLARK REAL ESTATE GROUP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017