48 Clement Rd. Land
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 |
|---|---|---|---|
| Dec 8, 2016 | Sold | ||
| Sold | |||
| Mar 10, 2016 | Listed by Karen Carnivale Real Esta | $285,000 | |
| Listed by Karen Carnivale Real Esta | |||
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Land is currently in 61A. Owner will take care of notice of nonexercise from town upon receiving signed Purchase and Sale. This property is open, flat land and abuts wooded area. Perfect setting for a new home or homes. Surveyed to have four house lots with required frontage. Lots may be purchased separately. 2 Acre lots are listed at $68,000 each and 2.6 Acre lot is listed at $81,000.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017