625 Broadway
About This Property
The property's size, configuration, road frontage, and residential zoning make it particularly attractive for those exploring development potential. R-40 permitted uses include, but are not limited to, one-family dwellings, agricultural uses, accessory apartments, and home occupations. Any subdivision or development potential is subject to applicable municipal approvals and buyer due diligence.
Adding immediate value, two existing billboard rentals along the Route 9W frontage currently generate approximately 166 a month in income. A substantial Hudson Valley land offering combining acreage, visibility, convenient access, residential zoning, and an existing income stream. See associated documents for zoning information, permitted uses, county records, and additional property details.
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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 |
|---|---|---|---|
| Mar 18, 2026 | Listed by Berardi Realty | $299,900 | |
| Listed by Berardi Realty | |||
| May 2, 2021 | No longer available | - | |
| No longer available | |||
| Feb 15, 2021 | Listed by Win Morrison Realty | $495,000 | |
| Listed by Win Morrison Realty | |||
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Large residential land parcel with Municipal Water. Property is located just outside the Village of Port Ewen and also about 5 minutes from Downtown Kingston. The +/- 23 acre parcel is Zoned R-40 Residential Zone with permitted uses to include but not limited to one-family dwellings, agricultural uses, accessory apartments and home occupations. See associated doc's for all zoning, county records and uses in the zone. Parcel has lots of frontage on Route 9w (Broadway) and goes very deep backing up and with views of Mirror Lake in the far back. Parcel appears to be mostly flat or gently sloping. Great property for a development. There are also two billboard rentals on the street generating +/- $166 a month. Please see additional info on associated doc's. There is also a parcel located directly across the street zoned Commercial, 6 acres with 4 billboard rentals asking $225,000 see MLS number 20203095
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| Jan 2, 2021 | No longer available | - | |
| No longer available | |||
| Aug 9, 2020 | Listed by Win Morrison Realty | $495,000 | |
| Listed by Win Morrison Realty | |||
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Large residential land parcel with Municipal Water. Property is located just outside the Village of Port Ewen and also about 5 minutes from Downtown Kingston. The +/- 23 acre parcel is Zoned R-40 Residential Zone with permitted uses to include but not limited to one-family dwellings, agricultural uses, accessory apartments and home occupations. See associated doc's for all zoning, county records and uses in the zone. Parcel has lots of frontage on Route 9w (Broadway) and goes very deep backing up and with views of Mirror Lake in the far back. Parcel appears to be mostly flat or gently sloping. Great property for a development. There are also two billboard rentals on the street generating +/- $166 a month. Please see additional info on associated doc's. There is also a parcel located directly across the street zoned Commercial, 6 acres with 4 billboard rentals asking $225,000 see MLS number 20203095
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017