2866 Route 28
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 |
|---|---|---|---|
| Nov 16, 2023 | Sold | ||
| Sold | |||
| Oct 4, 2021 | Listed by Frank Lumia Real Estate Plus!, LLC | $898,000 | |
| Listed by Frank Lumia Real Estate Plus!, LLC | |||
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The commercial space is located directly on Route 28 which is a main thoroughfare through the Catskill Mountains . Adding to this, the Ashokan Reservoir Rail Trail just opened directly across from this property creating a very popular added attraction. The commercial building is 2500 plus square feet. You'll find overhead doors in the front and rear of the building, 13' ceilings that are column free creating an open style space that can accommodate a gallery, distillery, restaurant, packing and shipping facility, antique car showroom...you name it! You'll also find a built in cafe ready to go! A short trip up the newly paved driveway is the charming, contemporary 1400 square foot home with an attached two car garage. The house has high ceilings and skylights. You'll enter through the foyer which opens into a great room ,an open kitchen, central island and living room. Each wing features a bedroom suite (including bathroom) which can be perfect for family or guests! Off the back of the house is a huge cedar deck that gives way to a stunning backyard/garden and seasonal mountain views. Some added features of the home include: A hidden spiral staircase that leads to a spacious
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| Sep 12, 2021 | No longer available | - | |
| No longer available | |||
| Mar 12, 2021 | Listed by Frank Lumia Real Estate Plus!, LLC | $898,000 | |
| Listed by Frank Lumia Real Estate Plus!, LLC | |||
| | |||
|
The commercial space is located directly on Route 28 which is a main thoroughfare through the Catskill Mountains . Adding to this, the Ashokan Reservoir Rail Trail just opened directly across from this property creating a very popular added attraction. The commercial building is 2500 plus square feet. You'll find overhead doors in the front and rear of the building, 13' ceilings that are column free creating an open style space that can accommodate a gallery, distillery, restaurant, packing and shipping facility, antique car showroom...you name it! You'll also find a built in cafe ready to go! A short trip up the newly paved driveway is the charming, contemporary 1400 square foot home with an attached two car garage. The house has high ceilings and skylights. You'll enter through the foyer which opens into a great room ,an open kitchen, central island and living room. Each wing features a bedroom suite (including bathroom) which can be perfect for family or guests! Off the back of the house is a huge cedar deck that gives way to a stunning backyard/garden and seasonal mountain views. Some added features of the home include: A hidden spiral staircase that leads to a spacious, dry basement, extensive closets, cabinet and storage space , central vacuuming, washer ,dryer, dishwasher and a small shed for lawn equipment .While the area is heavily trafficked, ideal for those interested in starting up a business, the home is tucked away so that you'll feel removed from the day to day hum creating a very dynamic work/life balance The manager has listed the unit size as 950 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017