420 Route 9
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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 6, 2013 | Sold | ||
| Sold | |||
| May 23, 2013 | Listed by Weichert Realtors - Ship Bottom | $239,000 | |
| Listed by Weichert Realtors - Ship Bottom | |||
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This astounding 1.5 plus acres on Route 9 is zoned commercial and is presently being used as a residence. House is a 3 bedroom, 1 bath with a partially finished full basement. Property includes a 2-car garage with a work shop and additional out-buildings (sheds & detached 1-car garage) also a beautiful in-ground pool with lots of privacy. It is located in a c-2 zone of Highway Commercial. This could be your adventure.
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Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21318033
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017