37 River Rd
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 18, 2020 | Sold | ||
| Sold | |||
| Apr 11, 2019 | Listed by LandVest, Inc., Manchester -by-the-Sea | $950,000 | |
| Listed by LandVest, Inc., Manchester -by-the-Sea | |||
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A 27+/- acre building lot along scenic River Road in the Topsfield countryside. The property is part of the Coolidge Estate, 525 acres of land subject to an Essex County Greenbelt Conservation Restriction, with only 13 building envelopes/residences; 37 River Road is the last remaining building envelope. This picturesque setting is comprised of open fields and woodlands with a deeded easement for access to the Ipswich River. A designated building envelope exists on 3.2 acres with an approved septic system design for a 6-bedroom residence that is not subject to restriction, number of buildings and the size of building footprints. A rare opportunity to purchase 27+/- acres of land and build your dream home. There is no subdivision potential.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017