362 Stone Hill Road
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 |
|---|---|---|---|
| Dec 3, 2021 | Sold | ||
| Sold | |||
| Sep 1, 2021 | Listed by KELLER WILLIAMS REALTY GREATER BINGHAMTON | $119,900 | |
| Listed by KELLER WILLIAMS REALTY GREATER BINGHAMTON | |||
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INCOME PRODUCING land. Welcome to 362 Stone Hill Rd! This is a Blueberry farm with over 1500 vastly producing blueberry bushes bringing in between $12k-$17k per season. It features a cozy finished 1 room cabin with a wood burning stove & full electric (200 amp + RV hookup) also featuring a composting toilet, rainwater harvesting system. Use as summer cottage or weekend getaway during the hunting or holiday season. Property features open pastures, to expand the blueberry fields, lease it for hay or use it to graze horses and livestock. A large pond filled with coy fish located back towards the woods. When entering the woods you will be captivated by the beautiful flowing stream. Wildlife is abundant - owners may be able to receive from DEC free deer tags to during harvesting season. If that is not enough, State Land is only 7 miles away. If you need to get away and be one with nature, this is the perfect spot - and it could literally pay for itself! Don't miss this opportunity.
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| Nov 30, 2020 | Sold | ||
| Sold | |||
| Jul 6, 2020 | Listed by Howard Hanna | $74,900 | |
| Listed by Howard Hanna | |||
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This amazing property has beautiful views, a like brand new Amish Shed that has large windows all the way around and finished on the inside, and has been a well established blueberry (organic grown) farm for almost 60 years. Did I mention it also has a small garden pond with goldfish and water lilies. There are between 1500 and 2000 blueberry bushes that have provided a nice business opportunity to the same family for over 30 years. The buyer could continue this or what a great spot to build your dream home. The parcel also consist of an open meadow, some woods and a stream. The 35 acres will be separated from the larger parcel before closing.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017