60 Merrifield Road
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 17, 2019 | Sold | ||
| Sold | |||
| Oct 14, 2018 | Listed by LAER Realty Partners | $189,500 | |
| Listed by LAER Realty Partners | |||
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24+ acres of easy to build on land near I-91 and Rt 10. With 799' of frontage, 5 building lots could be possible if someone were looking to sub-divide. Land is mostly flat woodlands with a moderate rise in the back of the lot. Perfect for a developer or owners would be open to selling individual building lots. Come look, make your offer and be ready to build this Spring! Perc to be done with acceptable offer.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017