242 Stevens Gap 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 |
|---|---|---|---|
| Apr 15, 2024 | Sold | ||
| Sold | |||
| Feb 8, 2024 | Listed by Platinum Realty LLC | $1,150,000 | |
| Listed by Platinum Realty LLC | |||
| Jan 11, 2024 | No longer available | - | |
| No longer available | |||
| Aug 8, 2023 | Price Decreased |
$2,950,000
↓ $550K
(15.7%) | |
| Price Decreased | |||
| Jan 9, 2023 | Listed by Platinum Realty | $3,500,000 | |
| Listed by Platinum Realty | |||
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MUSIC VENUE AND/OR RESTAURANT + CABIN IN THE BEATING HEART OF HOCHATOWN! Currently leased as a bar complete with a state-of-the-art sound system, lighting, central dance floor, & ticket counter. This place has it all! Full kitchen, walk-in cooler, carefully designed bar, billiard room, AND an outdoor patio with its own bar and a garage door that opens to an artist’s POV of the stage! The upper level VIP area offers seating accommodations for large and small groups, a fireplace, & private restrooms. Included in this property is the beautiful No Wake cabin. A 3 bed, 3 bath, steel framed cabin with an over-sized two-bay garage for the boat, jet skis, car, or any other toys you may want to store! Located RIGHT OFF HWY 259 ON STEVENS GAP ROAD, walking distance to Girls Gone Wine, Abendigos, Go-kart racing, Ax-throwing, & surrounding cabins. There will be no shortage of available patrons! Agent-owned property. Agent prefers calls and will answer 7 days a week!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017