Lot 3 & 4 Cedar Ridge Drive
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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.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 2, 2019 | Sold | ||
| Sold | |||
| Jun 21, 2019 | No longer available | - | |
| No longer available | |||
| Apr 5, 2019 | Listed by Coldwell Banker Realty Nashua | $75,000 | |
| Listed by Coldwell Banker Realty Nashua | |||
| Dec 3, 2018 | No longer available | - | |
| No longer available | |||
| Jun 25, 2018 | Listed | $59,900 | |
| Listed | |||
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This is a real nice lot on a dead end street. 200' of frontage which slopes slightly downward from the road making it seem like it would be a real good lot to have a walk-out basement. The sloping also makes it seem that with clearing you should be able to get some nice local views. The power is right at the street. There was an approved septic design before, but it would need to be updated.
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Property Highlights
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Price/ft²
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About Hillsborough
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Last Updated Date: 2019-07-02
Last Checked: 6 hours ago
Data Source: Prime MLS, MLS# 4744371
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017