Orange
696 St Hwy 284
$950,000
●
Land -
Off Market
696 St Hwy 284
Minisink, NY 10998
Studio
0 Bath
$6,393
Est. Monthly
About This Property
109 breathtaking acres located in beautiful Westtown, NY. Ag
Exemption in place. There is currently an approval (with permit)
for an entrance on St Hwy 284. Zoned SR (Suburban Residential). The
are many opportunities and permitted uses in this zone. Minisink
Zoning Map & Permitted Uses attached in docs. Perfect for
subdividing, developing, building commercial or residential
structures, farming and/or recreation. 2-family dwellings allowed.
Various commercial uses permitted. Low taxes with ag exemption.
Feasibility study for bank run soils and boring log available for
serious buyers. An estimated 800k cubic yards of bank run are
present on this property for use in development and roads, etc.
Calling all builders, developers, farmers, equestrians, hunters or
investors. Many opportunities and avenues to maximize profitability
with this stunning acreage. Please note that the paddock in the
front of the property, along St Hwy 284 is part of the land that is
for sale.
Unit Size
-
Days on Market
-
Land Size
109.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$525
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 6 months ago (OneKey MLS #KEYH6294875)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 24, 2024 | Sold | ||
| Sold | |||
| May 17, 2024 | In contract | - | |
| In contract | |||
| Mar 13, 2024 | Listed by Green Team Commercial | $1,195,000 | |
| Listed by Green Team Commercial | |||
| | |||
|
109 breathtaking acres located in beautiful Westtown, NY. Ag Exemption in place. There is currently an approval (with permit) for an entrance on St Hwy 284. Zoned SR (Suburban Residential). The are many opportunities and permitted uses in this zone. Minisink Zoning Map & Permitted Uses attached in docs. Perfect for subdividing, developing, building commercial or residential structures, farming and/or recreation. 2-family dwellings allowed. Various commercial uses permitted. Low taxes with ag exemption. Feasibility study for bank run soils and boring log available for serious buyers. An estimated 800k cubic yards of bank run are present on this property for use in development and roads, etc. Calling all builders, developers, farmers, equestrians, hunters or investors. Many opportunities and avenues to maximize profitability with this stunning acreage. Please note that the paddock in the front of the property, along St Hwy 284 is part of the land that is for sale.
| |||
| Mar 9, 2024 | No longer available | - | |
| No longer available | |||
| Oct 11, 2023 | Temporarily off market | - | |
| Temporarily off market | |||
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About Orange
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Last Updated: 6 months ago
Data Source: OneKey MLS
Data Source: OneKey MLS
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Address: 335 Madison Avenue, New York, NY 10017