45 Hammond Lane
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 |
|---|---|---|---|
| Nov 14, 2025 | Sold | ||
| Sold | |||
| Oct 4, 2025 | In contract | - | |
| In contract | |||
| Aug 14, 2025 | Listed by 1st Independent Realty Grp | $199,900 | |
| Listed by 1st Independent Realty Grp | |||
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Nestled at the end of Hammond Lane, this stunning 9.9-acre parcel offers privacy, natural beauty, and exciting development potential. The land has the potential to be sub-divided into two lots. If the existing road can be designated as a town road, there is the potential for it to be sub-divided for up to six lots. Seasonal mountain views add to the charm, making this property perfect for a private estate, investment, or development project. There is an existing well already located on the property.
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| Jun 24, 2023 | No longer available | - | |
| No longer available | |||
| May 30, 2023 | Listed by LandQuest, Inc. | $139,900 | |
| Listed by LandQuest, Inc. | |||
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Follow Hammond Lane to its very end to find this prime 9.9 acre wooded building lot in Wallkill NY.There are approximately 4 level acres in the middle of this mostly wooded property where you will find a maintained acre clearing boasting a new drilled water well near your future homesite. The well is approximately 600 feet from the nearest power source on the stone road access.Clear the remaining western acreage to obtain magnificent views year-round. The current views are seasonally stunning.See the survey to find the 50 foot right-of-way on Hammond Lane.Find the many perks of this secluded lot located just 5 miles from I-87, 10 minutes from I-84, and just over an hour from New York City.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017