004 Massey 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%.
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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.
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 28, 2024 | Sold | ||
| Sold | |||
| May 24, 2024 | In contract | - | |
| In contract | |||
| May 10, 2024 | Listed by Kelley Real Estate, Inc. | $135,000 | |
| Listed by Kelley Real Estate, Inc. | |||
| Sep 25, 2023 | Sold | ||
| Sold | |||
| Aug 24, 2022 | Listed by Fountains Land Inc. | $143,000 | |
| Listed by Fountains Land Inc. | |||
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The Old Farmstead Forest is a 151.73-acre parcel in Springfield Vermont. This property is being sold in three pieces and all parcels have subdivision permits in place. The property could also be bought as one piece if so desired. The land is mostly level to mildly sloping with a well-stocked forest and stonewalls that are found on different parts of the land. Access to all three parcels is from paved Massey Road, and utilities can be found at the street. Lot 4 has a five-acre field that is at the end of the property's boundary with Lot 1, with the rest of the land being forested east of the field. There is plenty of room for a house on the level field to be built with local views to the east and north. Part of this 27-acre parcel has 10 acres of forest that have about 80% sugar maples with an even age class of about 100 years. This could potentially be a small hobby sugarbush with easy access from the ROW. There is evidence of the old farm on this Lot with stonewall borders and the remains of an old farm road in the forest. Mostly level terrain with a few small hills makes this easy to walk through. You could build in the open upper field or maybe have a homesite lower on the access road in the maple forest. Utilities are on Massey Road, and the ROW is 50’ wide allowing for power to be brought into the property. This Lot abuts Lot 1 and could be purchased together to make one large parcel.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017