Lot 4 Reed Street
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 |
|---|---|---|---|
| Oct 1, 2026 | No longer available | - | |
| No longer available | |||
| Mar 16, 2026 | Listed by REMAX Connections | $38,500 | |
| Listed by REMAX Connections | |||
| Jan 2, 2026 | No longer available | - | |
| No longer available | |||
| Sep 17, 2025 | Listed by RE/MAX Connections | $38,500 | |
| Listed by RE/MAX Connections | |||
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If you are ready to build your dream home this 1.33-acre lot with a beautiful country location is waiting for you. Access to public water, percolation test in hand. All you need to do is bring your ideas to life. Builders, take note—there are four lots available if you are looking to build multiple properties. Lot 3 Reed Street-1.43 Acres $38,500, Lot 7 Reed Street-7.33 Acres $38,500, lot 6 Reed Street $35,000. The buyer is responsible for conducting their own due diligence with the town building departments.
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| Aug 30, 2025 | No longer available | - | |
| No longer available | |||
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