600 RING RD
About This Property
The property is currently operating as a well established open storage yard with a successful operating history spanning more than 40 years. The longstanding operation provides exceptional income, offering immediate cash flow while allowing a buyer to evaluate future redevelopment opportunities.
The property also includes an approximately 1,300 square foot air conditioned office with a kitchenette, bathroom, and shower, providing functional on site facilities for the existing operation or a future owner user.
This unique combination of established income, existing infrastructure, and significant development potential creates a compelling investment opportunity. Continue the profitable existing operation or pursue the site's future commercial, mixed use, residential, or affordable housing development potential. Can build over 50K sqft commercial and or over 220k sqft residential.
For international investors, this acquisition may also present an opportunity to explore certain U.S. investor visa programs, subject to eligibility requirements and independent legal and immigration counsel.
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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 Krimus Realty, LLC. | $15,800,000 | |
| Listed by Krimus Realty, LLC. | |||
| Mar 3, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017