27 Brown's Lake Rd
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 2, 2018 | Sold | ||
| Sold | |||
| May 27, 2018 | Listed by Keller Williams Realty North Central | $105,000 | |
| Listed by Keller Williams Realty North Central | |||
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A lovely waterfront property on Watatic Lake, with 90 feet of water frontage. Also included is a back lot where septic system was located. Brown's Lake Road is a private, dirt road, that is really secluded and maintained privately, by the homeowners. There once was a home, with a working septic system, foundation, and artesian well. The house burned down long ago and the foundation and well are still on site. Not sure what the septic, well and foundation condition is and buyer will need to do their own due diligence to find out if building can be reconstructed. If so, the site is beautiful and so is the amazing view. There is one deed attached and two parcels containing approximately 31,500 square feet total. Parcel 55-83 (waterfront) contains approximately 15,000 square feet and Parcel 55-95 contains approximately 16,500 square feet. See attached documents.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017