4253 Pinewood 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%.
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 |
|---|---|---|---|
| Sep 24, 2024 | Sold | ||
| Sold | |||
| Aug 19, 2024 | In contract | - | |
| In contract | |||
| Apr 21, 2024 | Listed by RE/MAX Elite | $975,000 | |
| Listed by RE/MAX Elite | |||
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Located in the county, this unique property offers 4.4 acres of flexible residential/agricultural zoning, good for various business options including wedding venue. It features wide doorways, massive open spaces w/a flexible plan to reconfigure or build new rooms & easy maintenance w/ tile and luxury vinyl flooring, carpet in the bedrooms only. The kitchen, bedrooms & baths were renovated for a modern appeal. Energy efficiency shines w/Tesla power solar panels & HVAC system w/multiple mini-splits. The garage & the supersized workshop are air-conditioned, providing comfortable workspaces. Outdoors, the property boasts crushed stone landscaping for pest prevention, oversized porch w/pavers. On city water & artesian well & no pesticides for the last 8 yrs. High-traffic walkways & parking are crafted w/permeable stone gravel grids for durability & low maintenance. Minutes to the airport, I-95, US1 & just 15 min to the beach. Next door house also for sale MLS1011840
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| Dec 3, 2023 | No longer available | - | |
| No longer available | |||
| Nov 2, 2023 | Relisted | $394,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017