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Map
5827 Route 417
About This Property
This 2,976 sq. ft. building is full of potential and has been vacant for several years. It is in need of some work, but the solid structure and good bones provide a great foundation for renovation.
Featuring wood siding and an asphalt roof, the building has an upper deck that could easily be converted into a duplex, offering separate upper and lower rental units for additional income. With some vision and updates, this property could serve as a multi-unit rental, a large single-family home, or even a commercial/residential mix, the possibilities are endless!
If you're ready to take on a project with great potential, this is your chance! Don't miss out on this unique opportunity to restore and reimagine this property to fit your needs.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 17, 2025 | Listed by Landquest Inc. | $9,999 | |
| Listed by Landquest Inc. | |||
Property Highlights
5827 Route 417
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Comparables
Status
Price/ft²
Listed On
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Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|
Building Info
- 1 Unit for Sale
About Allegany
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Data Source: NYSAMLSs, MLS# S1593668
