53 High Falls Road Extension
About This Property
Situated on approximately .4 acres, this property offers potential for an investor, builder, or buyer ready to bring vision to life. The existing mobile home is currently uninhabitable; you can renovate it if you choose to; but stamped, engineered plans and renderings are included, giving you a head start on the transformation if you want to build something new.
No existing well; need to locate the septic tank.
Property sold as is; buyer to perform due diligence regarding approvals, utilities, and intended use.
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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 11, 2026 | Listed by Real Broker NY LLC | $55,000 | |
| Listed by Real Broker NY LLC | |||
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