2256 Blue Mountain Boulevard
About This Property
Commercial pad site ready for development. All site work has been completed and is up to municipal standards and regulations.
Site Work Completed:
• Lot raised for proper drainage.
• Engineered retaining walls along three sides of the lot totaling 620 linear feet and 15 feet high.
• 1,087 load (approx. 15,218 cubic yards) of red select fill compacted.
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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 |
|---|---|---|---|
| Jan 6, 2025 | Listed by Drake Real Estate | $1,195,000 | |
| Listed by Drake Real Estate | |||
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Last Updated: 10 months ago
Data Source: NTREIS MLS, MLS# 20809869
Details provided by NTREIS and may not match the public record
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