2851 Armstrong Road
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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.
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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 28, 2023 | No longer available | - | |
| No longer available | |||
| Apr 11, 2023 | In contract | - | |
| In contract | |||
| Mar 23, 2023 | Relisted | $4,495,000 | |
| Relisted | |||
| Feb 22, 2023 | In contract | - | |
| In contract | |||
| Dec 1, 2022 | Listed by AB Commercial Real Estate Services, Inc. | $4,495,000 | |
| Listed by AB Commercial Real Estate Services, Inc. | |||
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2851 & 2861 Armstong Road, both parcels 174-340-026 & 174-340-026) totaling 11.62+/- acres and must be sold together. site ideal for future development. Currently being used as horse property with 7 barns and training track, one single family 1,577 SQFT home and manufactured 2,004 home on site, owner collecting $14,8000 in monthly income from multiple month to month tenants. All utilities to site, busy street with high visibility, near new "Shadow Rock" residential development by Lennar and next to future site of retail center with Tracto Supply store as an anchor and 2 fast food restaurants. North side of the property is next to Oak Quarry golf course providing great views of the course and the old quarry.
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About Sunnyslope
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017