392 Route 9
About This Property
Facts: Double parcel is for sale as one unit (together). Front parcel on Route 9 is zoned commercial, no Board of Health Approval. Entrance to front parcel is on Route 9. Rear parcel is zoned residential, no Board of Health Approval. Access for rear parcel will be via Rapalje Road. (Tax Map 6255-00-) (Lease potential) Additional Information: SoilType:Gravel,Unknown,
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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 |
|---|---|---|---|
| Jun 26, 2019 | Sold | ||
| Sold | |||
| Mar 7, 2019 | Listed by Houlihan Lawrence Inc. | $89,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017