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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 26, 2026 | Listed by RE/MAX Northern Edge Realty LLC | $975,000 | |
| Listed by RE/MAX Northern Edge Realty LLC | |||
| Oct 17, 2023 | No longer available | - | |
| No longer available | |||
| Jul 24, 2023 | Listed by RE/MAX Presidential | $875,000 | |
| Listed by RE/MAX Presidential | |||
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INVESTORS TAKE NOTICE OF THIS EXCELLENT COMMERCIAL OPPORTUNITY IN SCENIC DOWNTOWN GORHAM! For many years this property has been home to Mountain Valley Recreational, a pool sales and service business. It has also served as a lovely home to the business owners with an adjoining three bedroom, two bath residence. There are many outbuildings including a fully heated storage barn that is over 3,000 square feet and features its own bathroom and a hydraulic car lift, too. Also, the property has a standalone two car garage, storage shed, and attached two car garage that adjoins the residential half of the building. The residential side is complimented with a pristine backyard that features an in-ground pool, pergola, and even a three season tiki bar. Overall, this is an excellent opportunity to buy an owner occupied business with vast amounts of storage. Or perhaps instead, it serves as a family compound with all the storage for your ATVs and snowmobiles with access to Jericho Mountain State Park just seconds away. The Mountain Valley Recreational business is also for sale, inquire for further details.
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| Jul 30, 2017 | Listed | $595,000 | |
| Listed | |||
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UNIQUE AND VERSATILE PROPERTY WITH PRIME MAJOR HIGHWAY FRONTAGE. Beautiful three bedroom, two bath home with in-ground pool and cabana. Attached 1,500 square foot retail or office space. Outbuildings include a 40X80 foot heated barn, 30X34 foot two bay, heated garage with walk up loft and 22X20 foot tractor shed. Ideal for home occupation or commercial lease income. The manager has listed the unit size as 3783 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017