Lot 6 Hwy 87
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 |
|---|---|---|---|
| May 31, 2024 | Sold | ||
| Sold | |||
| May 10, 2024 | In contract | - | |
| In contract | |||
| Sep 21, 2022 | Listed by ASIN Realty | $29,500 | |
| Listed by ASIN Realty | |||
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Beautiful parcel located in Crystal Beach. This property is perfect to build your new dream permanent or vocational home! Full access to all city utilities and services. The homeowner as well as the adjacent parcel owners all would have purchased their respective properties on the premise that they were able to legally access the properties. Adjacent parcel also on sale!! Both Parcels currently have Agriculture/Timber Tax Exemption Valuations that may not pass to new owner without new filings.
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About Newton
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Last Updated: 4 months ago
Data Source: HAR , MLS# 85504063
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017