28 Ramkay Dr
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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.
Property Highlights
Building Info
Overview
- Year Built: 2002
- Effective Year Built: 2002
- Bedroom Count: 0
- Building Condition: 0
- Building Quality: 0
- Construction Type: 17
- Building Style: 4
- Exterior Walls Type: 17
- Interior Walls Type: 0
- Roof Shape Type: 0
- Roof Cover Type: 0
- Floor Count: 200
- Living Units: 1
- Floor Cover: 0
- Basement Type: 0
- Basement Area: 0
- Garage Type: 0
- Parking Space Count: 0
- Patio Type: 0
- Porch Type: 0
- Pool Type: 0
General
- Lot Size Square Feet: 15,002
- Lot Size Depth Feet: 1,370
- Lot Size Frontage Feet: 1,090
- Total Building Area: 3,232
- Building Area: 3,232
- Building Area Measurement: L
Dimensions
- Air Conditioning: 0
- Heating: 0
- Heated Square Feet: 3,232
- Heating Fuel Type: 0
Heating and Cooling
- Sewer System: 0
- Water Service: 0
Utilities
Building
- Building Type: 0
- Property Class: R
- Land Acres: 0000000344
- Standard Land Use Code: 1001
- County Land Use Code: 2
Neighborhood
- School District Name: Fairfield Township School District
- Census Tract: 021601
Geography
- Assessors Map Reference: TAX MAP 54
- Account Number: 00002943
- District: 07
- Parcel: 07 05404-0000-00004- 14
- Block: 5404
- Lot: 4.14
- Municipality: FAIRFIELD TWP
- Latitude: 40.8775
- Longitude: -74.3204
- Full Address: 28 Ramkay Dr
- Address - House Number: 28
- Address - Street Name: Ramkay
- Address - Suffix Type: Dr
- State: NJ
- City Name: Fairfield
- Carrier Code: C010
- 4-Digit Zip Code: 1119
- Zip Code: 07004
Address
Valuation
- Tax Year: 2022
- Tax Amount: $1,329,591
Tax
- Standard Deviation: 0.1068
- Valuation Date: Mar 15, 2023
- Confidence Score: 89
- Final Value: 890,319
- High Value: 985,411
- Low Value: 795,228
Appraisal Valuation
- Total Open Liens:
- Total Open Liens Amount:
- First Open Lien Mortgage Lender:
- First Open Lien Mortgage Recording Date:
- First Open Lien Mortgage Loan Amount:
- First Open Lien Mortgage Term:
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- First Open Lien Mortgage Loan Type:
- First Open Lien Mortgage Loan Due Date:
Open Liens
- Market Total Value: $663,800
- Market Land Value: $255,200
- Market Improvement Value: $408,600
Market Valuation
- Assessed Year: 2022
- Assessed Total Value: $663,800
- Assessed Land Value: $255,200
- Assessed Improvements Value: $408,600
Assessments Valuation
- Current Sale Contract Date: Feb 02, 2022
- Current Sale Recording Date: Mar 22, 2022
- Current Sale Price:
- Current Sale Document Type: 12
- Current Sale Input Document Number: 28763
- Previous Sale Recording Date: Mar 30, 2011
- Previous Sale Contract Date: Jan 31, 2011
- Previous Sale Amount: $635,000
- Previous Sale Document Type: 27
Sales
- First Mortgage Lender:
- First Mortgage Transaction Date:
- First Mortgage Loan Amount:
- First Mortgage Terms:
- First Mortgage Loan Type:
- First Mortgage Loan Due Date:
Last Sale Mortgage
28 Ramkay Dr
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About Essex
Stats & Trends
Median Asking:
$649,000Sale Price/ft²
$325Below Asking
0.01%Average Days on Market
71Average Home Size
581 ft²Average Home Age
-Currently For Sale
1667 ListingsSimilar Homes for Sale
Currently no similar homes aroundNearby Rentals
Data Source: GSMLS, MLS#
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017