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Riverhead 11901
46 E Second
$500,000
● Land - Off Market

46 E Second

Riverhead, NY 11901
bedrooms
Studio
bathrooms
0 Bath
$515,241
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Land is in walking distance from Riverheads main street and one house over from North Fork Brewing Company. Registered as a 4 family home with the town of Riverhead.  The property is zoned DC-4 permitted uses are (Townhouses, Single-family dwelling units, Funeral homes, Places of worship & Offices, professional and public)  Buyer will be responsible for clearing the land as well as getting permits.  Do not access property.   Owner will not entertain offers pending permits.
Unit Size
-
Days on Market
-
Land Size
0.32 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,175
HOA Dues
-
Year Built
1905

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 4 years ago (OneKey MLS #3376084)

Price History

Date / Event Date Event Price
Mar 6, 2023 Sold
Premium
Sold
Jan 27, 2023 In contract -
In contract
Dec 6, 2022 Price Increased $500,000
↑ $61K (13.9%)
Price Increased
Feb 14, 2022 Listed by Pine Barrens Realty LLC $438,888
Listed by Pine Barrens Realty LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Bedroom Count: 0
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 300
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 720
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,130
  • Total Building Area: 6,855
  • Gross Building Area: 6,855
  • Building Area: 6,855
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 6,855
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000320
  • Standard Land Use Code: 1015
  • County Land Use Code: 312
  • Legal Description 1: 541 0000 1

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169800

Zoning

  • Zoning: DC4

Geography

  • Account Number: 04
  • District: 0600-1
  • Section: 128.00
  • Parcel: 0600-128.00-05.00-031.000
  • Block: 5
  • Lot: 31.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9193
  • Longitude: -72.6613

    Address

  • Full Address: 46 E 2nd St
  • Address - House Number: 46
  • Street Direction: E
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: NY
  • City Name: Riverhead
  • Carrier Code: C001
  • 4-Digit Zip Code: 4615
  • Zip Code: 11901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $496,493
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 70
  • Final Value: 672,880
  • High Value: 817,408
  • Low Value: 528,351

    Market Valuation

  • Market Total Value: $315,393
  • Market Land Value: $293,864
  • Market Improvement Value: $21,529

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,300
  • Assessed Land Value: $27,300
  • Assessed Improvements Value: $2,000
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Riverhead

Stats & Trends

Median Asking:

$599,000

Sale Price/ft²

$389

Below Asking

0.01%

Average Days on Market

85

Average Home Size

1783 ft²

Average Home Age

57.8 years

Currently For Sale

40 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 149 C Riverside Drive, Riverhead, NY, 11901

$2,000 /mo

  • 2 Beds
  • 1 Bath
  • 1,040 ft²
149 C Riverside Drive, Riverhead, NY, 11901 Listing by Tracie Kateridge
Unit for rent at 1355 Roanoke Avenue, Riverhead, NY, 11901

$1,995 /mo

  • Studio
  • 1 Bath
  • 375 ft²
1355 Roanoke Avenue #1LD, Riverhead, NY, 11901 Listing by Michelle Holmes

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 46 East 2 built and last sold?
The property at 46 East 2 was built in 1905 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 46 East 2 is $0.
What are some comparable homes to 46 East 2?
There are currently no comparable homes to 46 East 2.
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